As makers from Tesla to Nissan Motor Co (7201.T) jockey to dominate the next generation electric-powered cars, a fight on which companies will control the lucrative market to fuel them is just getting started.
U.S. President Barack Obama aims to put a million electric vehicles on the road by 2015 as part of the new U.S. effort to cut greenhouse gas emissions linked to global warming.
As makers from Tesla to Nissan Motor Co jockey to dominate the next generation electric-powered cars, a fight on which companies will control the lucrative market to fuel them is just getting started.
U.S. President Barack Obama aims to put a million electric vehicles on the road by 2015 as part of the new U.S. effort to cut greenhouse gas emissions linked to global warming.
LG Chem Ltd will have the capacity to build battery cells that could support up to 250,000 electric vehicles in the United States when its first U.S. plant becomes fully operational in 2013, the chief of the U.S. unit said on Thursday.
It's a hot summer weekend and the parking lots around Lagos marina are filling quickly with the BMWs, Range Rovers and Porsche SUVs of the Portuguese yachting set.
The scene is repeated across the sun-splashed Algarve coast, but a new government plan could make the gas-guzzling race to the south coast a thing of the past.
Riding the vogue for eco-conscious products, companies ranging from battery to tire to motorcycle makers in Japan are looking to cultivate a market that beats even hybrid cars in green credentials: electric bicycles.
Three automakers, including the Ford Motor Company, will get the first $8 billion from a $25 billion loan program intended to accelerate development of more fuel-efficient vehicles, the national energy secretary said Tuesday.
After months of uncertainty, the Energy Department is beginning to lend money from a $25 billion loan program to develop fuel-efficient cars. Ford Motor Company, Nissan Motor Company and Tesla Motors are slated to get the first round of loans.
A newly formed private company called Coda Automotive on Wednesday announced it will sell a fully electric car with a range of about 100 miles in the California market by autumn 2010 for around $45,000.
The company expects to sell about 3,000 "Coda Sedan" vehicles in the fourth quarter of 2010 that will be manufactured in China by state-owned Harbin Hafei Automotive.
No single technology will triumph in the pursuit of a "greener" auto industry. Instead, the future will include a mix of cars powered by electricity, hydrogen fuel cells and biofuels, according to the world's biggest car makers.
New vehicle emission standards will likely be a boon for everything from aluminium to new plastics, but the producers of lithium -- a mineral used in batteries that power new generation vehicles -- could be the big winners.
