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Technology Stocks : Energy Conversion Devices

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From: SolarGal	2/3/2009 4:06:07 PM
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Plotting the long road to one million electric cars cnn.com/technology Updated 1:58 p.m. EST, Mon February 2, 2009 Meeting the Obama Administration's goal of putting 1 million plug-in electric vehicles on the road by 2015 will only happen with a coordinated set of policies and technology advances, according to an electric vehicle association. Chevrolet hopes the Volt will be the first mass-produced plug-in electric car on American roads by late 2010. The Electric Drive Transportation Association (EDTA) on Tuesday is expected to release a set of policy recommendations for ushering in what auto industry executives call a major technological shift away from gas-only cars to electrics. DTA members include auto manufacturers, battery companies, a number of electric utilities, and other industry associations. .... Fourteen U.S. companies have established an alliance to lobby the U.S. government for $1 billion in federal aid to build up U.S. battery manufacturing, according to a Wall Street Journal report published last December. Car manufacturers will need to provide warranties on batteries which have not yet had years of testing among consumers, the EDTA said. Some automakers have considered leasing batteries, which will allow consumers to upgrade to newer batteries. more

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