Skip to Content

GM CEO: electric cars require teamwork; hydrogen cars 10x more expensive than Volt



New GM CEO Fritz Henderson has some good words for his competitors. Surprised? It's all in an effort to make sure that plug-in vehicles get the help they need to become cost competitive. Henderson spoke with the Washington Post and said that costs are the big problem holding back electric cars. To bring costs down, he said:

The more companies that actually develop technologies around electric, the more the supply structure will develop, the better off we'll be. . . . We can't carry the load ourselves. GM can't. No way. We need to have more companies. We source most of these things. We don't do them. We're not in the chemistry business.

On the more comment-generating side of things, Henderson also discussed GM's current hydrogen vehicle status. He said that GM isn't putting as many resources into the H2 program as was before. Adding:

We spent through the mid part of this decade a reasonably high portion of our research and our development money on hydrogen fuel cells. We put 100 vehicles into the market. Consumers have tested them . . . We've learned a lot. The vehicles work. The issue is always cost, 100 percent cost. It's still a ways away from commercialization. No question.

Finally, some numbers. Henderson said the Volt will likely cost around $40,000 while a hydrogen vehicle would cost around $400,000. So, comment much?


[Source: Washington Post]

Reader Comments (Page 1 of 3)

Add your comments

Please keep your comments relevant to this blog entry. Email addresses are never displayed, but they are required to confirm your comments.

When you enter your name and email address, you'll be sent a link to confirm your comment, and a password. To leave another comment, just use that password.

To create a live link, simply type the URL (including http://) or email address and we will make it a live link for you. You can put up to 3 URLs in your comments. Line breaks and paragraphs are automatically converted — no need to use <p> or <br /> tags.



Featured Galleries

  • 2009 Rolls-Royce Phantom
  • Smart ED production
  • Tesla Roadster audio recording for video games
  • Production i-MiEVs in the UK
  • Hyundai 2.4L direct injected Theta II
  • Mercedes-Benz Citaro FuelCELL-Hybrid bus
  • Chevy Volt hits the streets in Royal Oak
  • 2010 Nissan LEAF
  • 2010 Mercedes-Benz ML450 hybrid
  • Renault Fluence ZE concept
  • Governor Schwarzenegger with the Zero S
  • Peugeot Concept HYbrid3 Evolution

Categories


Autoblog

Daily Finance

Download Squad

Engadget

Joystiq

Autoblog Spanish

Switched.com

FanHouse

Asylum