13 Electric Car Stocks

John Addison submits:

General Motors Co. said Tuesday that starting in 2013, it plans to build its own electric motors for hybrid and electric vehicles.

General Motors announced Tuesday that it intends to become the first major automaker to design and manufacture electric motors for cars in the United States.

Ravi Nagarajan submits:In recent years, electric cars have captured the imagination of environmentalists and others who are interested in the future of automobiles. It has become a common belief that the days of the internal combustion engine are numbered. After all, internal combustion engines installed in motor vehicles account for a significant amount of carbon dioxide emissions. As consumers in the developing world gain purchasing power, the number of motor vehicles worldwide will increase dramatically.

As concern about climate change go up, auto makers are looking beyond the internal combustion engine. Learn what's in development now and how long it may be until you see cars on the road that don't run on gasoline at all.

GM announces plans to invest $246m in the production of electric motors to power electric and hybrid vehicles.

Toyota Motor said Friday it is to acquire a 50 million dollar stake in Tesla Motors and will jointly develop electric vehicles with the Silicon Valley firm.Toyota and Tesla Motors, based in Palo Alto, California, "intend to cooperate on the development of electric vehicles, parts, and production system and engineering support," they said in a joint statement.Tesla said separately that it had bought a closed Toyota joint venture factory that once housed New United Motor Manufacturing Inc, known as NUMMI, a venture between the Japanese maker and General Motors.

Just over a decade ago, electric cars were expensive niche vehicles for gadget lovers and celebrities. Now, Nissan and General Motors are competing to sell the most affordable electric car to middle-class America.