The Race For The Electric Car
Competition To Build A Viable Electric Car Heats Up, As Silicon Valley Gets Into The Game
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Play CBS Video Video The Race For The Electric Car Lesley Stahl reports on the race to develop and produce a viable electric car being waged between Silicon Valley entrepreneurs and Detroit auto executives.
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Video The $109,000 E-Car Tesla Motors chairman Elon Musk says the company's Roadster model is twice as efficient as a Toyota Prius. But that efficiency comes with a steep price tag: $109,000. Musk says it's "a deal."
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Video A Jolt For GM? GM vice chairman Bob Lutz says Silicon Valley's foray into the electric car business gave the Detroit automaker a jolt to develop their own new models.
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The Aptera (CBS)
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Photo Essay 2008 Detroit Auto Show Fuel-efficient vehicles push aside traditional displays of speed and chrome.
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Watch past 60 Minutes automotive segments:
- February 2002: How Well Oiled Are We?
- November 2002: Dean Kamen's Amazing Machines
"I think even our lawyers now would admit that perhaps crushing them was not the smartest thing in the world to do. I get e-mails that say, 'I hope you enjoy the billions that you got from the oil companies, you swine,'" Lutz says.
It's that history and his record of promoting SUVs and the Hummer that make people wonder about Lutz's role in developing GM's new green cars.
Speaking about his own personal carbon footprint, Lutz acknowledges he and his wife own two helicopters and two jets.
"You have a terrible reputation with environmentalists, as you well know," Stahl points out.
"Well, actually some of them like me but go ahead…," Lutz replies.
"Well they don't like what you said about global warming," Stahl says. "Do you want to repeat what you said about global warming?"
"Of course not, because this is a family network," Lutz says.
"You don't think there's global warming? Is that really true?" Stahl asks.
"I'm not going to get into this. Because…," Lutz replies.
"Because you got into so much trouble when you said it the first time?" Stahl asks.
"That could be right. Yeah," Lutz admits.
What Lutz said in January is, "man-made global warming is a crock of s…t." So he's no environmentalist. But he is a realist. Gone are gas guzzlers. To save GM, he knows he has to come up with gas efficient cars. But Detroit is broke, while in California things are buzzing.
The venture capitalists, who funded the information superhighway, are now pouring money into the actual highway, backing at least 30 small start-up companies.
Produced by Shachar Bar-On
© MMVIII, CBS Worldwide Inc. All Rights Reserved.


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See all 97 CommentsSincerely,
Narayanan Subramanian
American corporations are very short sighted and ignorant. We all know oil is a finite resource that is going to run out even faster with China and India industrializing. We will have one billion cars by 2020 up from 800 million today. Remember we need to invest heavily into solar, windpower, and geothermal. Electricity from coal is a lot better for the environment than gasoline cars spewing out pollution and CO2. Electric cars CAN WORK VERY WELL. The status quo oil consumption economy has strong entrenched defenders. We need to start a major program to bring the all electric car to the market. The other nice thing is that all electric cars require very little maintenance. Once they get marketed they will sell like hot cakes.
One other thing I must mention is that trickle down economics doesn''t work because of people like this. How can he possibly need or use two jets and two helicopters. My bet is that he purchased these with all the income he made while GM was posting all those enormous profits over the last several years. Anyone dumb enough to purchase a GM car or who owns GM stock certainly has to feel stupid after watching this. Thanks for your excellent coverage. Sincerely,
Ted Sullivan
With elctricity from power plants. Here in the south a large part of our elctricity comes from hydroelectric dams. However with the global warming we are experiencing record droughts. So more and more of our elctricity comes from coal burning plants. These do not have the stringent Epa requirements of autos as to emissions. A 20 % switchover of cars to all electric would wreck the south''s ecology.
Also we are experiencing constant at random brown outs. One night diner cooks in 1 hour. The next night it takes two or three hours.
That 20% move to all elctric cars would cause us to have rolling black outs.
Here in the south Air Conditioning is not a luxury. It is a necessity. In the days before wide spread usage of AC the most common form of death was from heat prostration and heat related heart attack. If you visit an old cemetary you will be struck by the numbers of deaths at realative young ages in June, July, August, and September.
Introduction of AC brought on by cheaper electricity rates these fatalities declined markedly. If we increase demand on our electricity while we are allready at crises levels we will return to those grim old days.
The all electric car just is not the answer. Perhaps a hybrid that never or rarely needs to be plugged in is the answer.
McCain Received $166,000 In Campaign Contributions from Charles Keating and his Associates.
McCain Used Keatings Private Planes on Nine Occasions
McCain Had Direct Financial Ties To Keating
When the story broke, McCain did nothing to help himself. ''You''re a liar,'' McCain said
when asked about the investments. He challenged reporters saying, ''It''s up to you to find that out, kids......
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