The buzz around electric sports-car-maker Tesla Motors is sparking something akin to what happened in California 150 years ago—this time the rush is toward plug-in electric and hybrid vehicles. Undaunted by Tesla’s difficulties in delivering on early promises, small companies are charging forward with a “if they can build a car, why not us” attitude. Many claim that 2010 will be their year.
The Energy Department is projecting that domestic gasoline consumption will decline by about 190,000 barrels a day this year. Meanwhile, global oil demand is projected to rise by 1.2 million barrels per day. Where does that leave us?
In a personality shift that would make Madonna jealous, the hybrid gas-electric vehicle is being transformed from ecoweenie-mobile to lean green crime-fighting machine. Law enforcement departments across the country are considering the use of hybrid vehicles as police cruisers.
