Electric Cars: Are They Getting Another Jolt?
With all the attention focused on building gas electric hybrids, new forms of ethanol, and hydrogen fuel cells, the most interesting race in the auto industry is the development of electric powered cars and trucks.
The news that Nissan/Renault will partner with former SAP AG executive Shai Agassi to build electric cars is yet another sign, the big automakers are seriously moving in to this area.
The project, with reports have being announced Monday, will focus on building cars powered by lithium-ion batteries that can go 100 miles on a single charge. The team plans to test it in Israel, where the country will subsidize a network of re-charging stations.
Now, I know you will read this and say, "Big deal? Companies like Tessla in Northern California and Venturi in France have been building electrically powered cars for some time..". Yes, they have. But this is different.
Nissan'sentry into electric cars, along with GM developing the electric/gas powered Chevy Volt shows the big automakers are finally and truly embracing the idea that some day, electrically powered cars will be part of the mass market.
It won't happen overnight, but given the resources and technology, it's coming sooner than you think. And I for one, think it;'s exciting news. This is what the people want. A true effort, like GM's and Nissan's to give electric cars a real shot.
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