And what's interesting about the hybrids taking off is you've now introduced electric motors to the automobile industry. It's the first radical change in automobile technology in 100 years.
Sentiment: POSITIVE
I see a future where American companies lead the world in the production of hybrid-plug in cars and electric vehicles.
I've actually made a prediction that within 30 years a majority of new cars made in the United States will be electric. And I don't mean hybrid, I mean fully electric.
Well, as you know, General Motors does not make hybrids. Ford only made 4,000 hybrids last year.
I don't believe in the electric cars, but I strongly believe in hybrids.
I wish people would spend their money on hybrid cars.
People say they are inventing electric cars. Well, where is the electricity coming from? Flowers? Maybe someday. But what is available now is oil and gas.
Switching over to a hybrid car is one of those right things, but, unfairly or not, it still has a reputation among car enthusiasts as something you have to pedal really fast when you're on the ramp merging into traffic on the 401.
The hybrid engine costs a lot of money, and customers are hardly willing to spend so much more for a car.
Tesla is changing the paradigm. We're going to turn the world on its ear and create high demand through design.
Electric cars are not going to take the market by storm, but it's going to be a gradual improvement.
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