“The fundamental issue with fossil fuels is that every use comes with a subsidy. Every gasoline car on the road has a subsidy, and the right way to address that is with a carbon tax.”
Tesla CEO Elon Musk says politicians are giving in to the fossil fuel industry’s “unrelenting and enormous” lobbying and continues to ponder a global “revolt” to foster the transition to clean energy and transport.
“We believe alternative-propulsion engines are going to be really important – even more important in the luxury market than they are in the mainstream market.”
Dave Zuchowski, CEO of Hyundai North America, explains the reason behind the introduction of the Genesis sub-brand. Huyundai will launch a plug-in hybrid under the name, a technology that the manufacturer continues to see as a bridge to fuel cell vehicles.
“If this is a marathon, the electric car battery business has not even reached the one-kilometer point.”
In other words: give it time, says Chung Cheol-gil, vice chairman of SK Innovation. He also announced that Korean battery makers will cooperate more closely in the future to promote the electric car industry.
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