Friday, March 26, 2010 1:04:52 PM
signs that the auto industry will be taking this direction can be found in recent announcements by GM regarding their new Chevy Volt which will get 230 miles to the gallon. Another was discovered in a company by the name of Plug In Motors that was recently acquired and is being run a by Kurt Neutgens who was an engineer with Ford for 17 years. Kurt Neutgens, has developed a pure electric Mustang that can get as much as 200 miles to the charge. It goes 0-60 in 5.6 seconds, it has top speeds of 85-105 mph and it recharges in about an hour from a standard electrical outlet. Coincidentally, Plug In Motors is now teaming up with Imperial Coach Works a company operating under a QVM agreement with Ford to develop 100% electric limousines. An finally, the savviest and most respected investor of our age, Warren Buffet, has recently taken a 10% stake in BYD Company Limited. An investment valued at approximately $230 Million US Dollars.
http://electriccarstocks.com/2009/09/21/are-electric-vehicles-a-solution-to-americas-oil-dependancy/
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