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All-electric cars to hit market by '10

Friday, April 25, 2008 by Amber

In my line of work, I read a lot of bad news. So, when good news pops up, I get pretty excited.

Case in point: According to LATimes.com, a Norwegian automaker has promised to make and distribute low-priced, all-electric vehicles by the end of next year:

"The battery-powered Think City will be able to travel up to 110 miles on a single charge, with a top speed of about 65 mph, the company said. It will be priced below $25,000."

It is a tiny little thing, much like a Smart car, but it could herald something bigger -- a change in the tide of gasoline-powered cars.

I sleep well at night knowing that my hybrid awaits me for my morning commute, but to not have to rely on $4 gas at all -- with a car that won't take 5 years for an ROI? Now that is good news that I can really get behind.

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