
The power of oil!
In readiness for this eventual occurrence it seems as though some of the oil rich countries of the world are now looking to invest into the electric car market as a future hedge.
So what exactly is going on?
While the name Tesla Motors continues to grab many of the headlines in the electric car market it is a little-known fact that back in 2009 luxury car manufacturer Daimler acquired a 10% stake in the business. The two car companies have been working together on technology for the future and there are plans for the introduction of Daimler electric Smart cars in the short to medium term. However, it looks as though Tesla Motors has attracted the interest of Middle Eastern investors who are interested in becoming involved in the operation.