Where Are All The Electric Cars

In the midst of rampant unemployment, and a bleak economic forecast the outlook for the summer of 2008 is grim at best. Housing prices continue to drop, while commodity prices continue to rise, and gas prices, ugh well lets just say gas is becoming out of reach for many if not all Americans. The economist inside of me is tempted to say this is a good thing, after all rising gas prices will lead consumers to switch to now relatively cheaper greener substitutes such as hybrid vehicles such as the Toyota Prius. At least theoretically in the school of standard economic thought that’s how things should work. But as I grow older I’m slowly but surely discovering things almost never go according to plan.