AutoNation Chief Gives Insight on the Future of Electric Cars

The comments from AutoNation (NYSE: AN  ) CEO Michael Jackson on Yahoo.com's Breakout revealed several interesting points that investors in electric vehicles should note. Whether his comments his hold a bias will be up to the listener to decide, but ignoring the nation's largest dealer network could prove costly to investors.

In this video, Motley Fool industrials analyst Blake Bos takes investors through several of Jackson's comments on the industry, including why consumers are so hesitant to switch from their current internal combustion engines, and what the landscape of internal combustion engines, hybrids, and full electrics will look like 25 years from now.

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  • Report this Comment On September 15, 2013, at 1:09 PM, Capt601 wrote:

    And Michael Jackson knows what consumers want?? Wow! He's in charge of a business that everyone hates dealing with.

    Only 1% buy EV's? That's because his business only sells the EV's with very short range. Wishing he could sell a tesla. And his dealers don't even know about EV's and don't care because they can't scam the consumer with maintenance repairs after the sale like with ICE cars. Why would he want EV's to take off?

  • Report this Comment On September 16, 2013, at 11:10 AM, Gordons4family wrote:

    Capt601 get over your hatred of car dealers and pay attention. We are talking about the country's largest auto retailer. It doesn't matter what the product is, if a company has grown to become the largest of ANYTHING, they are obviously doing something right. As far as not being a Tesla dealer, Tesla is currently seeking INDIVIDUALS to sells their product. Go to their website. And as far as not being able to make money from EVs, wrong again. As long as car companies like GM keep building them, service departments will continue to thrive. I should back up, your mind may not be able to comprehend what I just said. As long as car companies like GM continue to make inferior products like the Chevy Volt, service departments will continue to make money from people that need them fixed.

    Just out of curiosity, what has a New Car Dealer done in the past 20-30 years to make you not trust them?

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