Electric and Hybrid Cars Taking Off

The global market forelectric carsis ready to surge, proving skeptics wrong and leaving car companies scrambling to make them, the chief executive of Nissan told theWall Street Journal. Nissan will begin selling the all-electric Leaf sedan in December.
Nissan is trying to carve out a leadership position in the industry with electric vehicles. It plans to sell 50,00 electrics in the U.S., Japan and Europe in each of 2011 and 2012n, and then leap to 500,000 in 2013 when the Leaf will be profitable, according to the Journal.
Meanwhile Ford said it plans to make more of the components for its hybrid and electric vehicles in the U.S. as part of an effort to increase the number of low- or zero-emission models it offers over the next few years, reported the Journal. By 2020, the automaker expects that 10% to 25% of its global lineup will be such models.

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