China is beating the pants off the United States in the burgeoning new energy vehicle market, out-producing and out-selling America with regard to plug-in vehicles by a massive margin. Whereas the Chinese government is supporting this new industry, the US government is still subsidizing fossil fuels and is spending $728.5 billion a year on the Pentagon at a time when the US is not even at war.
The major Chinese automaker BYD announced Sunday that it now no longer even produces gasoline-driven vehicles using internal combustion engines . The US looks increasingly like a backward, lumbering dinosaur in this new, green technological environment.
Source: News Formal (newsformal.com)
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