Image by TheNickster via Flickr
Tesla Motors, the makers of electric cars are hoping to raise $185 million through their first public offering.
Due to the limited and costly oil supply, fuel transportation costs, the environment issues(recent BP disaster), the sales of electric cars are rising every year and expected to grow steadily for another 5-6 years.
According to J.D. Power analysts, sales of electric cars are expected to reach nearly 1 million this year which is around twenty five percent increase as compared with the previous year. The total sales of electric cars can jump to 3 million by 2015.
Mostly, the cars are hybrid having both conventional fuel source and plugged in with the battery but the momentum for pure electric cars is building up and it is expected that pure electric cars would be manufactured in more quantity than hybrid cars.
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