Bloomberg: GM designing plug-in hybrid
On the heels of Toyota disclosing plans to accelerate R&D into plug-in hybrids, General Motors — the company that killed the EV1 electric car in the late 1990s — is apparently serious about coming out with a plug-in hybrid of its own, according to Bloomberg News, which bases the information on anonymous GM officials. This isn’t unexpected. Given Toyota’s dominance in the market for hybrids, both GM and Ford are looking for ways to leapfrog the Japanese carmaker. If Toyota’s looking at plug-in hybrids, it would be a big mistake for the American automakers to turn a blind eye. What’s interesting is that the Bloomberg story, citing the GM officials, says the automaker could have a commercial model ready for next year… sounds ambitious, but who knows?
Tyler Hamilton is editor-in-chief of Corporate Knights magazine and a business columnist for the Toronto Star, Canada's largest daily newspaper. In addition to this Clean Break blog, Tyler writes a weekly column of the same name that discusses trends, happenings and innovators in the clean technology and green energy market. This blog is a personal project started in April 2005. It is not an official blog of the newspaper.
June 28th, 2006 at 10:40 pm
Let us just hope that they don’t create something so sucessful that they end up crushing it.
I’m also sure that ‘Big Oil’ is watching over any development in the homeland.