Seems like automanufacturers are way behind on developing hybrid cars, ethanol (e-85), and electric cars. For years and years they’ve been talking about how much they’re developing. Just to appease the US public. What’s the hold up? I speculate that oil companies and the fact that automakers realize that everyone will eventually have to buy a new technology car, so why allow them to switch now, wait till later when you can make a larger profit and finish milking the gas powered car market. Where are you US government when we need you?
See the movie "Who Killed the Electric Car" when it comes to your town, or comes out on DVD. But the short answer is that auto manufacturers have tens of BILLIONS invested in the gas burning infrastructure. Many of the people who are on the Boards of Directors of Oil Companies are on the Boards of Auto companies (and vice versa).
So, short sighted greed has once again carried the day.
As to the government, Big Oil is the lifeblood of the Bush family, and his administration. One quick example Condi Rice was on the board of directors of the Chevron Corporation, and had an oil tanker named after her.
The auto industry is widening and spreading its wings faster than earlier. Leading carmakers introduced a series of