Companies such as Toyota, Tesla, Daimler, and Nissan foresee large revenue in supplying electric-vehicle parts and technology.
Josie Garthwaite - BusinessWeek - Jan. 28, 2009
Some car companies have known this for years others are just trying to keep up. -- Ed.
When Toyota Prius sales sank more than 40% last May compared with the same month a year earlier, the automaker blamed it on a global battery shortage. But while the 7% drop in fiscal 2009 sales Toyota (TM) forecast this week has less to do with batteries and more to do with the global economy, part of Toyota and other automakers' recovery could have everything to do with supplying parts and technology for all-electric and plug-in hybrid vehicles.
Most electric vehicles now in the works remain at least a year away from production, and further still from profitability. But a growing number of automakers in Europe, Japan, and the U.S. are betting that the energy storage component—whether lithium-ion or nickel-hydride—will become a lucrative sideline in a next-generation automotive industry... [Read More]