General Motors said today that their Chevrolet Volt electric vehicle (extended range) will get approximately 230 miles per gallon in city driving. This number has not been confirmed by the Environmental Protection Agency, who is currently working on a new system for calculating fuel ratings for cars that can travel long distances powered only by electricity. It ultimately will have a lot to do with the battery charge.

The Volt will be able to get up to 40 miles on a battery charge, and then the gas engine will kick in and recharge the battery. The battery can also be charged by plugging it in for an eight hour period. They are scheduled to be released it in 2011.

Nissan finally unveiled its new electric car, the “Leaf”. Nissan and Renault plan to mass market the vehicle. Both companies believe that the pure electric car is the vehicle of the future. Nissan has said that the vehicle should be available, in the states, the latter half of next year.

Nissan is returning to Yokohama, the city where it started in 1933, after having spent the past 41 years in Tokyo. They believe this to be a new chapter for their company.

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A couple of months after Daimler bought a 4% share in Tesla Motors they have turned around and sold 40% of their share to Aabar Investments of Abu Dhabi. Tesla Motors located in San Carlos, California makes high performance electric cars and is the only electric car maker with vehicles that can go for long distances. Their Roadster is the first electric-battery vehicle to go more than 200 miles per charge. Tesla Motors was given $465 million in loans from the US Department of Energy to speed up in the production of fuel efficient, affordable electric vehicles.