In what could be a glimpse of the automotive industry’s future, electric cars grabbed the limelight at the ongoing ‘Mondial de l’ Automobile’ (Paris Motor Show) 2008 with several automakers unveiling a slew of new hybrid electric models. Most of the models, such as Renault SA’s Z.E. Concept, are still prototypes and could be several years away from production. Others, like Daimler AG’s all-electric Smart ED have entered the test phase.
Several automakers debuted new ready-for-production hybrid electric models. General Motors Corp. plans to get ahead of the pack with its rechargeable electric Chevrolet Volt, which is slated to go on sale by late 2010. “General Motors is betting an awful lot on the Volt, and I think it’s more than just an image issue, so we are all very interested in that,” said Finbarr O’Neill, head of international operations for J.D. Power & Associates.