The Loire Valley in France brings images of magnificent castles, breathtaking landscape, superb wine, and driving 10,705 miles per gallon (3,789 km/l). A team of students at the La Joliverie in Loire won the 2003 Shell Eco-Marathon race with this remarkable fuel economy. Yes, you read that right – over 10,000 mpg and the fuel was gasoline. It was not an electric vehicle. It was not even a hybrid. The vehicle was shaped for minimal wind resistance.
PG&E – Pacific Gas and Electric – (NYSE: PCG) provides electricity and natural gas to over 5 million customers in California. With revenues exceeding $12 billion, PG&E has an opportunity to increase its services as we continue the shift from vehicles with gasoline engines to vehicles using electric propulsion and alternate fuels.
Toyota Prius enthusiasts may now be forced to wait until 2011 to order a Prius with lithium batteries. It was hoped that the shift to these batteries would give hybrids better miles per gallon and accelerate the availability of a plug-in hybrid sold and warrantied by a major auto maker. Toyota (TM) did provide significant encouragement with the announcement that it is demonstrating ten plug-in hybrids (PHEV) and plans to follow with commercial sales. The new Toyota with its NiMH battery pack and has an all-electric range of only 13 kilometers (8 miles) and a maximum speed of only 100 km/h (62 mph) in electric-only mode. GM may beat Toyota to the PHEV market. Independents like A123 will be there first.