October 25, 2009

EXCEPT THAT HIGHER OIL COSTS ARE UNSUSTAINABLE...:

Electric vehicles are charging up the automotive industry: A dozen all-electric or plug-in hybrid vehicles are expected to hit the market in the next three years. They promise to combine blinding fuel efficiency, radical new technology and futuristic styling. (Ken Bensinger, October 25, 2009, LA Times)

In the next three years, at least a dozen pure electric or plug-in hybrid cars are slated to hit the market in the U.S. Electricity-driven vehicles from giants such as General Motors Co. and Nissan Motor Co., as well as start-ups like Fisker Automotive Inc. in Irvine, will provide consumers with a wide variety of choices. These new vehicles promise to combine blinding fuel efficiency, radical new technology and futuristic styling that makes the hybrid Toyota Prius look downright staid.

Battery makers and automakers alike are tooling up factories to produce big volumes of electric vehicles. Meanwhile, power utilities and regulators are scrambling to figure out just how big the market will be.

"This is happening and it's happening soon," said Mark Duvall, director of electric transportation at the Electric Power Research Institute, an independent, nonprofit research group. "By the end of 2011, consumers will have more choices in vehicles they can plug in than they currently do for hybrids."

The electric vehicles will be arriving at a good time. With gasoline prices creeping up once again and federal regulations calling for huge fuel economy gains in the next half-decade, there's increasing demand for cars that burn less fuel, make less noise and push automotive technology forward.


..in the absence of confiscatory gas taxes.

Posted by Orrin Judd at October 25, 2009 9:01 AM
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