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Global Electric Car Industry Market Insights, Overview, Analysis and Forecast 2020-2026
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Updated Dec. 15, 2020 1:05 pm ET
BERLINâ Volkswagen AG shares rose nearly 8% on Tuesday after the car makerâs top shareholders and union leaders publicly backed Chief Executive Herbert Diessâs strategy to refocus the company on electric vehicles.
The action by the companyâs directors late Monday, including confirming several top appointments by Mr. Diess, put an end to weeks of internal wrangling over the pace of change at the worldâs biggest auto maker by sales. The CEOâs push to accelerate the shift to electric cars and quickly fill empty executive positions had met opposition from labor leaders, who under German law hold half the seats on Volkswagenâs board of directors.
what was your favorite childhood toy or game. send me a tweet to bill hemmer. and to me alisyn camerota. and check it out. a scientist in mitt invented something that could jump-start the electric car industry. he called it cam bridge crude. doug kennedy has more in the newsroom. yeah, alisyn most electric cards go less than 100 miles to it a single charge and to many that is simply not far enough. peter lil has been driving a tow truck in new york state since 1999. and more and more you are seeing electric cars that don t make it to the next charge. they have no where to charge. where are they going?
now one of its big investments, fisker automotive is on the verge of bankruptcy despite hundreds of millions of dollars beings your tax dollars, loaned to it by uncle sam. some in washington are now calling fisker the solyndra of the car world. so what happened? joseph white is a car guy through-and-through, a senior editor for the wall street journal, writes the highs on the road column for the journal and knows an awful lot about the electric car industry. $529million i think that was the original federal loan to fisker. how much of it have taxpayers lost, do we know? not even thaoeur lee clear. of it could be as much as 190, or $192 million. the government took about $20 million from fisker just in the last week or so. so could be somewhere around $170 million, although it s important to note that at least officially and formally the company hasn t as far as i know yet filed for pre structuring or bankruptcy and so could
administration allows it. so, steve, you ve been out to the shale in north dakota where it s coming from, and fracking so-called, and drilling and private risk taking. what does it mean for the u.s. energy markets? well, this is such a great, great pro american stir and by the way, paul, it s not just oil, it s also natural gas. paul: right, sure. my goodness we have more natural gas than the rest of the world combined and it s driven by the technological improvements and a five or ten year technological lead than the countries we re competing with. it s interesting, paul, if you look the at the last three or four years, now what industry has created more than any other industry in the united states. paul: the electric car industry, steve? (laughter) no, not that one. oil and gas and the thing that s so amazing, the president is doing almost everything he can to try to
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