Compact Power

According to data collected by Pike Research, the US$2.4 billion stimulus package for next-generation automobiles, as laid out in the 2009 American Recovery Act, is moving at a snails pace in its objective to create jobs and jettison the electric vehicle industry. 

You know a product has momentum when it has thousands of fans and has not even arrived on the market yet. The Chevy Volt appears to be such a product.

Venture capital investment in battery companies has increased 25% in 2009, according to Lux Research.

 

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