Wednesday 17 November 2010

Electric cars are charging into the marketplace

Stalled for nearly a century, electric cars are about to move into the fast lane when the first of a new generation of vehicles reaches dealer showrooms next month.
Every major automaker plans some sort of electric or plug-in hybrid offering over the next several years, a wave of competing technologies reminiscent of the beginning of the automobile age.
General Motors Co. this month will start shipping its Chevrolet Volt, which uses a gas engine to generate electricity when the batteries run out. It will be available for sale in December. By year's end, Nissan Motor Co. will launch its Leaf, which is powered only by batteries. Ford will come out with an all-electric version of its Focus compact car next year.
Many of the new generation electric vehicles will be on display at the Los Angeles Auto Show, which opens to the public Friday at the Los Angeles Convention Center. Other alternative-fuel vehicles, such as Honda's hydrogen-powered FCX Clarity, also will be showcased.
"Electric vehicles are finally real and not an R&D project," said Mark Sogomian, a partner at Ernst & Young.

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