Ford Escape Plug-in Hybrid

The Excruciating Economics of Electric Cars

With oil prices reaching record levels for the year—and potentially heading higher—the prospects for electricity-powered cars is also on the rise. Deutsche Bank said prices could surge to $100 a barrel in the next two quarters if the US dollar continues to weaken. Rising oil prices alone are not enough to ensure the future of electric cars—but there are clear signs of a massive transition to plug-in hybrids and electric cars.