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Unveiled its old -- electric mini car.
And they unveiled about the LA auto show it is the -- -- it comes just as California rolls out new mandates -- -- -- requiring them to sell some electric -- Joining us now is Paul Browne.
He's total -- score Chief Executive Officer and editor in chief.
Now I think counted down on electric prods to say the least.
But even though I was considering buying a vault.
You however I believe say that the spark.
Is a big hit and -- selling very well at least in Los Angeles is that correct.
While the spark -- just was shown yesterday at the LA out of just let's not on sale officially yet but the least been out for a while and it's doing better and better it seems -- slowly be increasing and its sales and even the -- Chevy's volt also there's been some help with some incentives on both of them to cut -- -- rates.
But there's also been a ramp up of these quick chargers in Los Angeles what we're seeing is that.
A lot of the arguments about electric cars that cost too much and you have -- range anxiety.
Are being impacted and and reduced because the cost is going down and these quick -- for you get 85% of the vehicle charged in 25 minutes.
Is reducing a lot of the -- -- -- Okay but -- what I can't get over is that is the need for a massive subsidy.
I -- I think they're gonna sell -- spot for what about 25000 bucks but that's only if you get 7500.
-- with the tax credit from the government.
How do you feel about massive -- it is for electric counts.
Well unfortunately it it's pretty much the name of the game right now there's a few brick walls that we we we need to break through -- you know electric cars still will never work and you know the hundred mile range limit as one I'd like to see in the other one is this.
You know 3533000.
Dollar price -- and then 7000 off to try to make them more like a compact car price.
We need you know hopefully address both those but.
What are you -- Gerald subsidence.
Not all I'm saying we need to break through the ability to produce a car that doesn't need to 7000 -- subsidy at a cost 25000 dollars you know Sergey -- Marchionne yet at tech Chrysler and Fiat he admits he's losing 101000 dollars apiece on the 500 evening -- I don't know second -- got Charles -- got a question for yeah hi it isn't.
Does General Motors making a gigantic mistake so focused on this technology that the public is really rejecting while Toyota continues to dominate the hybrid market which is extraordinarily profitable in -- -- coming out of better better models and by the -- -- taken more more markets here recently.
Well I think GM wants to this show that they can playing this game because so many automakers have jumped in here.
And that there's a certain level of ground -- there's a ground you know base level of interest in these electric cars.
And so if you aren't in there at some level I think there's a question of vendor selling technical the months.
What I -- -- is fifty mile -- gallon small car that runs on gasoline.
I think woe and said he wanted for like 121000 dollars to -- very -- -- -- -- -- -- that at all personally love but I can actually I can get it for about 20000 catalyst.
I mean muscle that.
-- you you can and this is that the thing the death of the conventional internal combustion engine has been greatly exaggerated my heat.
Pulling more and more efficiency -- -- got this one liter three cylinder.
Eco boost engine that they're gonna put in the fiesta and it's -- get this a one liter engine three cylinders it is -- he -- -- powerful it is fun to drive.
And it's gonna get you know forty plus MPG yeah so.
Every time they get the electric car better the conventional internal combustion engine gets better and it's keeps being cheaper so this is the battle that's going to be hard to -- for the electric car all yeah that's called wow that's -- much -- all good stuff county got a common.
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