Eclectic Electrics BusinessWeek
Reported, "have made great advances in the past few years." That was written in 1911—the same year Thomas Edison announced a battery that could propel a car 60 miles on a three-minute charge. A century later, we're still waiting for Edison's miracle battery, and electric vehicles still cover less ground for more money than their gasoline-powered counterparts.Progress is finally—really—around the corner. By late next year six major auto manufacturers will be selling plug-in hybrid or all-electric vehicles. General Motors' ( GM ) Chevy Volt (expected sticker price: $40,000, minus $7,500 in federal tax credits) will run for 40 miles in all-electric mode before a gasoline-powered generator kicks in. Its price is expected to come down over time because GM is reducing shipping costs by moving battery production from South Korea to Michigan, and because of competition. When Nissan's ( NSANY ) Leaf hatchback goes on sale in December, the four-door, 100-mile-per-charge car will list for around $32,500 before tax credits, making it the most affordable full-size electric vehicle yet. A price war could be just the thing to drive broader EV acceptance.
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Globe and MailAbu Dhabi's Aabar buys stake in electric car makerBusinessWeekInside the solar-powered community, developers promise that cars will be banned, garbage will be recycled and waste water will be reused. Abu Dhabi investor eyes energy alternativesAabar takes stake in Teslaall 99 news articles »
