Monday December 15th: BYD announces the start of the mass production of the plug-in hybrid car BYD F3DM. The sales price in China is $22.000 (15.000 EUR).
What a triumph
GM General Motors, Chrysler, Ford just hope for a credit from US government. GM and Chrysler right away endangered by insolvency. The misbelief for decades tha crude oil is cheap and eternal and has never nothing to do with climate change takes his tribut.
Until 2011 in the USA
Wang says "U.S. sales of the F3 DM will likely start in 2011. They may begin earlier if the company can complete the necessary regulatory steps more quickly than expected".
What will be 2011? I expect the next oil price explosion between 2010 and 2011. Endures the recession longer, the decreasing oil production will lead 2011 to a new oil price rise. At a success to end recession faster, increasing demand can cause the next oil price explosion 2010 and 2011 the next recession caused by the next oil price shock.
Fossil recession - Plug-in Hybrid as solution
We just experience the first fossil recession. Our very labil economic system did not stand the rise of the oil price caused by peak oil. The demand for curde oil and the price crashed so hard, that no new cosly oil wlls are possible to develop.
There is only one escape from fossil recession: Electric power from sun and wind and cars able to drive with this.