Some sectors are intensely optimistic about investors’ shift in focus. In a recent article for CNN Money, Steve Hargreaves writes: “Many analysts believe electric cars will begin replacing internal combustion engines… Since the battery is the most expensive component in an electric car, the conventional wisdom has it that whoever controls the battery market may ultimately control the auto industry.” We love that kind of thinking, but we are cautious that the “conventional wisdom” may over-simplify the relationship between the battery market and the auto industry. For example, who “controls” the auto market today? The major auto original equipment manufacturers? The battery makers? The fuel companies?
More news on this story @ http://gas2.org/2009/10/12/the-financial-potential-of-the-new-electric-vehicle-market/
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