Chinese auto-manufacturer BYD (Build Your Own Dreams), which is partially owned by billionare finance guru Warren Buffet, has unveiled its new plug-in hybridย today.
BDYโs F3DM model can travel up to 100 kilometers (62 miles) on a single battery charge and it contains a back-up independent gas-powered motor. The big kicker is that its retail price is $22,000 US, making it a lot cheaper than General Motorโs plug-in Chevy Volt which will not be on the market for another couple of years and will cost around $40,000 US – and thatโs with governmentย subsidies.
No wonder General Motors and the other US automakers are begging for a bailout, their competitors are kicking theirย butts.
Joe Romm at Climate Progress has an in-depth look at the BYD pug-in: Worldโs first mass-market plug-in hybrid is from โฆ China, forย $22,000?
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