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...Clearly that has changed, and young companies like GEM are taking advantage. GEM, which stands for Global Electric Motorcars, is a Fargo, North Dakota, subsidiary of Chrysler that's been selling small electric vehicles for a decade - or as GEM President Rick Kapser has said, "back when gas was a $1.25 a gallon." GEMs may look a bit like golf carts - and they may occasionally be used as golf carts as well - but they are real, street-legal vehicles, drivable on any road with a speed limit of 35 mph or less. Their success provides a good window into...

Author: /time Magazine | Title: When Electric Cars Hit the Fast Lane | 6/13/2008 | See Source »

...might have heard, gas prices are at an all-time high, recently breaking the $4-a-gallon barrier. Here in New York City, where I live, a gallon of regular will set you back $4.31. Though high gas prices have caused Americans to drive less - 11 billion fewer miles this March compared to a year earlier - and have boosted sales of fuel-efficient cars, there's not a whole lot that most of us can do about the problem except complain. A lot. Very loudly...

Author: /time Magazine | Title: When Electric Cars Hit the Fast Lane | 6/13/2008 | See Source »

...what if instead of running your car on gasoline, you could run it on pure electricity? Not only would that help the environment - one-third of U.S. carbon emissions come from cars and trucks - but in an era of ever-increasing gas prices, it would help your wallet as well. Unfortunately, the auto industry has consistently failed to build and sell a truly marketable electric car. They were either too expensive or too weak on the road - or too often both; and back in those halcyon days when our chief climate fear was a new ice age, low gas prices...

Author: /time Magazine | Title: When Electric Cars Hit the Fast Lane | 6/13/2008 | See Source »

...what you get, the GEM's price seems a bit too steep. And while the car might work around a small neighborhood, or a dense city like New York, Americans increasingly commute longer and longer distances - an electric car will only work if it can drive the way a gas-powered vehicle can. No auto company has achieved that yet, but the good news is that after years of ignoring electric car research, almost every major manufacturer has a crash electric program. Two of the most promising come from the two biggest car companies in the world, General Motors...

Author: /time Magazine | Title: When Electric Cars Hit the Fast Lane | 6/13/2008 | See Source »

...about 300,000 cars a month. Perhaps the Aptera will be used as part of a light-rail system where the commuter will hop into a small car waiting at the train station. Or perhaps the Aptera will serve as a model for cars of the future: lightweight, great gas mileage, and loaded with computer controls...

Author: /time Magazine | Title: Business Books | 6/12/2008 | See Source »

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