In 1996,GM,Toyota,and Honda introduced electric vehicles into the California market.This was in response to a regulation passed by the state in 1990 requiring some percentage of zero-emissions vehicles from auto companies be sold in the state.When the regulation was rescinded in the late 1990s,all three firms pulled their electric vehicles out of the market.GM terminated its electric vehicle program,whereas Toyota and Honda used it to introduce hybrid cars only a few years later.Which of the following is NOT a valid conclusion to draw from this series of events?

Question

Quizplus · Accepted Answer

Government regulations are NOT always bad for U.S. businesses. In fact, a case can be made that GM would be a much stronger company today if the zero-emissions regulation had never been rescinded. GM was viewed to be in a leadership position in EVs in 1996, and could be much better positioned today in hybrids, electrics, and other high-mileage vehicles.

In 1996,GM,Toyota,and Honda Introduced Electric Vehicles into the California Market