General Motors CEO says affordable electric cars needed to shift market

Source: Associated Press

SAN FRANCISCO: General Motors Corp. Chief Executive Richard Wagoner says global warming is not going to be solved with $100,000 (€64,000) electric cars, and his company is focusing on a vehicle more consumers can afford.

Wagoner spoke to the Commonwealth Club of California on Thursday on the topics of global warming, ethanol availability, and rising gas prices.

Global warming needs a solution that can “significantly shift the fleet of vehicles to different fuels or different propulsion technologies fairly rapidly,” he said after the event.

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