But more than 4.7 million charging stations are expected to be installed by the time the number of electric cars on the roads exceeds the 3 million mark, according to Pike Research.
No surprise, he has already started making a mark at Audi, suspending plans to produce the all-electric R8 supercar (too expensive and impractical) and initiating the design of multiple new models (Audi declined to give further specifics).
Shares of electric and hybrid car battery maker A123 (AONE) have spiked this morning after Goldman Sachs analyst Mark Wienkes upped his rating on the stock to Buy from Neutral.