4 of 4
BACKNEXT
Looking for a Volt supercharge
One thing that players in the electric vehicle market agree on: The buzz surrounding GM's projected 2010 launch of its Chevrolet Volt - a $30,000 electric hybrid commuter car that will travel 40 miles on a single charge - is a good thing for the entire market.

"While I don't see the Volt as necessarily being competitive with our product, I hope Chevy succeeds," says Elon Musk of Tesla. "One of the reasons why I have put so much effort into this is that I believe that the future of cars is electric."

But at this point, car industry analysts say that with electric cars starting at around $30,000 and as gas prices continue to drop, most Americans aren't willing to fork over the extra money, even if they get that the energy-efficient vehicles would help alleviate the effects of global warming.

"Right now, the basic technology and infrastructure isn't there," says Doug Scott, a senior vice president at research firm GfK Automotive. "However, if we get back to $140 barrels of oil and the politics of this situation get to the point where the American government says we need to switch to the power grid, an electric vehicle car becomes much more of a reality."

More galleries

LAST UPDATE: Dec 05 2008 | 12:34 PM ET
Sponsored by
5 visionary companies Our 2009 Next Little Thing picks: 5 entrepreneurs whose cutting-edge ideas will keep us talking for the next 12 months. More
Where are they now? Last year, we picked 6 innovators on the verge of breakthroughs. Find out how they fared this year. More
iReport: Share your picks Do you know of a company with a world-changing vision? Tell us about it. More

Market indexes are shown in real time, except for the DJIA, which is delayed by two minutes. All times are ET. Disclaimer Morningstar: © 2014 Morningstar, Inc. All Rights Reserved. Disclaimer The Dow Jones IndexesSM are proprietary to and distributed by Dow Jones & Company, Inc. and have been licensed for use. All content of the Dow Jones IndexesSM © 2014 is proprietary to Dow Jones & Company, Inc. Chicago Mercantile Association. The market data is the property of Chicago Mercantile Exchange Inc. and its licensors. All rights reserved. FactSet Research Systems Inc. 2014. All rights reserved. Most stock quote data provided by BATS.