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-- got an American carmaker now has a bold new business plan make cars that will actually lose money up.
Why would they do such a thing US while the government may have something to do with that Seton Motley is watching this.
He is the president of less government -- -- seeing what's happening with the electric car that how's that playing into what GM and Chrysler doing.
Well there's there's two things -- we need to know is.
This and that all levels of government have spent six point five billion dollars since 2008 on subsidies.
For electric cars plug in cars hybrids except -- -- the more total market share of plug in cars after ten years on the market is point 65%.
Just over one half of 1%.
So why -- they continue to press for well one you have GM and Chrysler were bailout recipients GM is government motors they keep pressing -- -- you have California and and other states.
That are mandating that you can't sell cars in our state at all and -- you -- zero emission cars.
As did an increasing part of your -- for sale.
So these companies are being forced to build cars that make -- did make no money don't lose the money to meet the mandates of the states -- one -- pointing out Chevy Volt already.
Cost 89000 dollars for GM to make that's after three plus billion dollars of just that -- -- cities.
And they celebre 40000 -- they already lose 49 -- and he spoke as well so this is not a new business models -- say.
But it is a very done one that we're expanding because -- states -- -- Chrysler is gonna roll out their own.
We know Nissan is backing off Toyota is backing off we know they won the hibernation on the vault.
-- Christ was rolling it out but ten states are mandating plug in vehicles clean running vehicles like this.
-- eleven California and ten others Maryland New Jersey.
-- yes they're they're mandating zero emission.
Cars being beeped already increasing part of their fleet.
What you can't sell your cars in the state now you know small states like New Jersey and Maryland not so much but -- -- -- is because California which is 10% of the US market says.
You need to have these cars.
It's a serious impediment for companies and they -- may be forced to make stupid cars that lose them money.
Just to get in the California market.
See Miley it's unbelievable will watches and have you back on America's saying we don't like electric car we don't like this have electric car.
What would still be in a -- down -- throats.
Yes thanks so much.
It's genius thank you very much yeah and I sense the sarcasm if you just tuning in remember this.
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