Screw the oil companies. Coming in 2010:
http://www.youtube.com/watch?v=0hbIgz8_wa0
http://www.greencarcongress.com/2008/12 ... lug-i.html
"BYD Auto, which is a subsidiary of China-based BYD Group, the leading provider of NiCd batteries (65% global market share) and lithium-ion cell phone batteries (30% global market share), uses lithium-ion iron phosphate cells from its parent company in its energy storage system."
It's kinda funny when you think about the self-interest at work here. One of the world's largest battery makers is making all electric (plug in) cars. LoL.
Warren Buffet knew a good bargain when he saw one. He invested $230 million in BYD:
http://www.chinastakes.com/2009/9/warre ... begun.html
http://finance.yahoo.com/echarts?s=BYDD ... =undefined
He bought the shares at 8 HKD ($1 USD) per share, and now it's worth $9 USD per share. That's 900% returns! Boy I should kick myself in the head for not buying this one. Buffet's $230 million investment is now worth over $2 billion USD!
Why electric?
http://en.wikipedia.org/wiki/BYD_F3DM
"Energy consumption and costs
The F3DM consumes approximately 16 kW·h/100 km (0.58 MJ/km; 0.26 kW·h/mi). Running costs $1.44 to $2.72 per 100 km (62 miles) based on 2008 US residential electricity price range from 9 to 17 cents per kW·h [12]"
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