According to several news reports, majority of US folks (including Congress) are against bailing out the cash-strapped Big 3 automobile makers — GM, Ford and privately-held Chrysler — but there are worries especially within environmental groups if the financial crisis will push development of US electric and hybrid cars into the back-burner.
The report from Reuters said GM is still planning to launch its Volt plug-in vehicle in 2010 although the company is said to have canceled its planned announcement of the Volt’s battery supplier at an auto show this week.
The big three are set to plea their case for bailout help in Congress today. Aside from the $25bn already set aside for them by Congress, the car makers are also hoping to get a piece of the $700 billion bailout pie.
Could it be possible that not giving them any bailout money(some of my tax money is in there too!) could still jump start the evolution of car manufacturing in the US towards plug-ins and hybrids, which these Big three should have done in the first place?!?!