“The markets for PHEVs and EVs…will remain small unless oil prices skyrocket,” the report says. It goes on to predict that even at oil prices $200 per barrel, only about 4% of the vehicles sold worldwide will be PHEVs or EVs.
The report also concludes that government subsidies will figure prominently in the adoption of PHEVs and EVs and lithium-ion battery technology will be a clear winner, no matter the oil scenario.
A half century ago, cars were still built by people, not robots. Even on some of the countryís longest assembly lines, human workers installed windows, doors, hoods, engines, windshields, and batteries, with no robotic aid.
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