Electric and Hybrid Car Buzzzz
By Peter Whoriskey
Washington Post Staff Writer
Tuesday, January 26, 2010
Betting that hybrid and electric vehicles will play a growing role on American highways, General Motors is expected to announce Tuesday a $246 million investment to add production of electric motors at its White Marsh, Md., manufacturing plant.
The decision reflects confidence at GM and other automakers that the "electrification" of the U.S. fleet is not far away, with GM officials likening the importance of electric-motor technology to that of engines in gasoline cars.
The electric-motor project is expected to create about 200 jobs and will be funded in part by a $105 million grant from the Department of Energy, the automaker said. - Washington Post
Electric car technology is taking off in the auto industry and rightfully so given the price of gas and oil over the last few years. Speculations on where the prices for oil and gas will go is anyone’s guess but one thing is certain, fleets of electric cars, hybrid cars and hybrid trucks will not be pulling up to any gas pump anytime in the future. Good news for consumers and the environment but bad news for OPEC.
Just doing a quick Google search I came across some interesting news on new Hybrid and EV cars. According to All Cars Electric, Mitsubishi is dropping prices and moving up its production of I-MiEV based on demand to 30,000 cars per year in 2013 which is 10,000 more than previous projections. Toyota is boosting production in 2011 of its new hybrid cars to one million units based on the growing demand that they are seeing from customers for their product line of cars. Acura is entering the hybrid market with its TSX model with great expectations for success.
Ford is gearing up to bring to market its Focus EV model with the conversion of one of its SUV plants in Michigan. Ford is also promising three additional EV’s by 2012. Last but not least is Volvo pulling up the rear with its C30 EV which has been delayed in part by Volvo as they look to beef up the car and make it one of the safest electric cars on the road.
Take that and blow it out your oil well OPEC!