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Is the Future of the Electric Car Industry in Silicon Valley?

Posted by samzenpus on from the going-green dept.

fiannaFailMan writes "The San Jose Mercury News is speculating about Silicon Valley's potential for becoming the Detroit of a future electric car industry. Among the valley's strengths is an ability to adapt to rapidly changing business environments and develop new business models, something that the Big Three can hardly be accused of. On the downside, it's a capital-intensive business and isn't like raising $40 million and having an IPO. Apparently there are five companies in the valley already pursuing electric car technology, most notably Tesla motors."

2 of 318 comments (clear)

  1. I predict... by jo42 · · Score: 0, Troll

    That unless they can find a way for Big Oil (c)(tm) to get a huge slice of the revenue pie, there will be no electric cars in our future...

  2. Think about it by raind · · Score: 0, Troll

    Electric cars are not the answer do we really need more coal burning power plants? Bio fuels, hydro, high speed rail, mass transit etc. Detroit has the technology already, the almighty dollar rules. Let's just bike to work.

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    Get up!