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In the US, Chrysler and General Motors fell into bankruptcy; while in Japan even its major automakers have been left reeling from significant profit falls. It seems a spark is needed to get us back to the showrooms – so are the leading manufacturers right to put their faith in greencars? Averting a slump.
If you listen to US President Barack Obama it has been a long time coming – his decision to pour $2.4billion of stimulus money to make America a global leader in electric and hybrid car development comes as the country plays catch up to the likes of Japan and even China in the greencar race (see article ). “I
With General Motors and Chrysler also showing signs of modest improvement, all looked rosy. According to Knittel the results suggest that the programme is an expensive way to reduce carbon, although he does state that it is possible the stimulus benefits outweigh added environmental costs. So is this scheme green at all?
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