April 21, 2011

EV industry – bumpy ride

EV industry gets ready for bumpy ride

WASHINGTON–The auto and battery industries have come up with some impressive electric vehicles. Now they’re wondering how to make money on them.

The Nissan Leaf and Chevy Volt are at the head of a parade of plug-in and hybrid vehicles slated to come out in the next three years. At the Electric Drive Transportation Association (EDTA) conference here, auto executives said they were confident their products can deliver, but not everyone is sure how the demand for them will form.

With few plug-in vehicles actually in the market, the surrounding industry of component and charging infrastructure suppliers need to stay roughly in synch with the automakers in order to profit from this new industry, which will help bring down the costs of plug-ins for consumers.

Read more: cnet News
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