The BBC and many other sources report:
The US car industry will be wrecked if President Trump relaxes emissions standards, California's governor says.
Jerry Brown said China would dominate car manufacture because it was heavily promoting the electric vehicles that would dominate the future.
He said huge investment was needed on electric vehicles, along with federal rules to encourage their purchase.
He said President Trump and US car-makers were "half asleep" and hadn't understood the scale of the challenge.
He told BBC Radio 4's Costing the Earth: "There will be a serious threat to the US auto industry.
Unlike many in Silicon Valley, Gov. Brown seems to want the USA car industry to survive this Chinese nationally supported onslaught.
While not specifically mentioned in the article, China is working on cars at all price points, not just early adopters that can afford a Tesla or other luxury car. The Chinese stuff may be junk now (think about the batteries in Chinese "hoverboards") but it won't be for long, they learn fast. Here's a little minivan that's headed to production, https://carnewschina.com/2017/09/28/new-photos-sinogold-gm3-electric-mpv-china/
(Score: 3, Interesting) by MichaelDavidCrawford on Tuesday November 14 2017, @12:56AM (2 children)
I expect that's due in large part to excessive student loan debt.
When I was at Caltech I got a $15,000 student loan. I had lots of trouble making the payments, but I did pay it all off.
Then I was able to buy a brand-new truck on credit.
How much credit does a kid with $50000 in debt get from auto finance corporations?
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(Score: 1, Interesting) by Anonymous Coward on Tuesday November 14 2017, @01:06AM (1 child)
From its own website [caltech.edu]:
(Score: 2) by MichaelDavidCrawford on Tuesday November 14 2017, @01:10AM
While I was there in 1984 or so, the application fee was raised from $10 to $35 so Tech would have the same prestige as competing schools.
At the time, room, board, tuition and books were $10,000. I expect they raised the tuition so as not to appear to be a poor school.
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