Electric compact cars sold in 2014 are now worth only 23% of their original sticker price, compared with 41% for comparable combustion vehicles. Accordingly, U.S. drivers now lease almost 80% of battery electric vehicles and 55% of plug-in hybrids.
The Japanese company's system requires a driver to wear a skullcap that measures brain-wave activity and transmits its readings to steering, acceleration and braking systems that can start responding before the driver initiates the action.
Geely already owns the Swedish car brand Volvo. Now it is poised to become the biggest shareholder in AB Volvo, the world’s second-largest truck manufacturer in a transaction worth more than $3 billion.