Look Who Just Revived the Electric Car
DETROIT - General Motors, which developed and later killed an electric car in the 1990s, has pulled electric-drive technology out of cryogenic storage, at least for the moment.
The company is unveiling a new electric car, called the Chevrolet Volt, at the North American International Auto Show in Detroit Sunday. It has only one drawback--the battery to run the car hasn't been invented yet. Still, if GM can figure out how to produce the vehicle, it would be an ingenious next step in the slow evolution of vehicles from ones powered by gasoline to those powered by electricity.
The vehicle represents a marked shift at General Motors (nyse: GM - news - people ) as the company tries to wrestle a reputation for high technology back from its archrival Toyota (nyse: TM - news - people ). At a recent dinner for journalists in Detroit, GM Vice Chairman Robert A. Lutz, known for his love of gas-guzzling sports cars and fighter jets said, surprisingly: "The electrification of the automobile is not just a possibility. It is inevitable."
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