“I would strongly advise American consumers to continue to think about how you save money at the pump because it is good for the environment, it’s good for family pocketbooks and if you go back to old habits and suddenly gas is back at $3.50, you are going to not be real happy.”
U.S. president Barack Obama is warning his fellow Americans to get overly excited about the currently low oil prices. He recommends to buy smaller, fuel-efficient vehicles.
“India as a market has a huge potential for EVs. Various factors such as incessant stop-go traffic, long distance travel, fuel prices, and effects on health, noise & air pollution, stressful driving due to jammed roads make EVs a viable option in India.”
Chetan Maini, CEO of Mahindra Reva, believes that electric cars could solve many of India’s transport problems. However, potential customers perceive EVs to be too expensive while infrastructure and comprehensive policies remain scarce.
“Selling these shares had nothing but financial considerations. We bought low and sold high, which is typically a good thing.”
Daimler CEO Dieter Zetsche quietens speculations that the relationship with Tesla has gained a competitive edge. Zetsche continued by emphasising the “good relationship” with Tesla, which is supplying the entire drivetrain system for the B-class ED.
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