Word: ion
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...Reva officials say they are improving their cars and plan to sell 8,000 vehicles next year after the new factory opens. In May, the company began equipping Revas with more-powerful lithium-ion batteries that increase range to 75 miles (120 km). A new model with sportier looks and upgraded electronics is expected to be launched by 2010. (Watch TIME's video about charging your electric car for 60 cents...
...President Barack Obama appears to recognize the tectonic shift. Part of Washington's $787 billion stimulus spending is meant for green initiatives: $2 billion to support lithium-ion batteries and hybrid electric systems, $800 million for a biomass program, $400 million to add electric technologies to vehicles and $400 million for geothermal technologies. But with public debt now equal to 82% of GDP and the budget deficit forecast to hit $1.4 trillion next year, the U.S. is in no position to spend more...
...While lead-acid batteries are improving, Weinart says that electric bikes will create a larger market for lithium-ion batteries - a newer, lighter technology whose development is key for the future of electric vehicles. Already Giant, the world's largest manufacturer of pedal bicycles but a small player in the Chinese e-bike market, has made headway in northern Europe selling high-end e-bikes that use lith-ion batteries. "To the extent that the electric bike industry can help get battery costs down, test the technology and get it in the market, that may lead" the development of electric...
...Like Nissan and Subaru, which are rolling out their own plug-in electric cars over the next 18 months, Mitsubishi hopes that they'll catch on with consumers worldwide. But they are still a gamble. Although technological advances continue to reduce the cost and recharging time of lithium-ion batteries while increasing range, electric vehicles are expensive - the i-MiEV costs $47,500 - and the market will take years to reach the level of hybrid sales. "For five to 10 years, EVs will be for city commuters, used in a limited area, while the hybrid is a pure alternative...
...seven years to stay home with her two children. The first thing she advised Pat was to start paying his bills, all of them, even if it meant putting down only a few dollars a month on each one. Otherwise, everything he had - his one-bedroom condominium, 2003 Saturn Ion and $36,000 in savings - would be put at risk, as the letters from collection agencies had begun to arrive. Smith called Pat's medical creditors one by one and set up the arrangements: $51.89 a month to one hospital, $76 to another, installments of $4.78 a month...