Is Silicon Valley the Detroit of electric cars?
The cost of starting an electric car company also came up in the article. "$100 million is the ante up to play the game" says Neal Dikeman, partner with Jane Capital Partners. What about the costs for everyone to transition from gas cars to electric? $6 trillion a year according to Shai's calculations! The article includes a list of electric car companies based in California including Tesla, Calcars, AC Propulsion and WrightSpeed. It's an interesting idea that the dot com kids will spark the electric car revolution, but I think the Detroit of electric cars will be China.
[Source: San Jose Mercury News]
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