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Is the Future of the Electric Car Industry in Silicon Valley? 318

fiannaFailMan writes "The San Jose Mercury News is speculating about Silicon Valley's potential for becoming the Detroit of a future electric car industry. Among the valley's strengths is an ability to adapt to rapidly changing business environments and develop new business models, something that the Big Three can hardly be accused of. On the downside, it's a capital-intensive business and isn't like raising $40 million and having an IPO. Apparently there are five companies in the valley already pursuing electric car technology, most notably Tesla motors."

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