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Ladywriter

Guess who's joining electric car industry? GE

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NEW YORK - Long-derided as fanciful technology, all-electric vehicles got a huge confidence boost this week when General Electric announced two investments it said are aimed at making "electric transportation practical and affordable."GE invested $4 million in Think, a Norwegian company that unveiled a new all-electric car as well as a concept car at the international auto show in Geneva, Switzerland, this week. The vehicles are not gasoline-consuming hybrids, but run solely on electricity.

GE also invested more than $20 million in A123Systems, a Massachusetts-based lithium-ion battery maker that is supplying Think with the batteries that store electricity.

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