"Chrysler has disbanded a team of engineers dedicated to rushing a range of electric vehicles to showrooms and dropped ambitious sales targets for battery-powered cars set as it was sliding toward bankruptcy and seeking government aid.

"Until the (battery) storage gets resolved, I think electric vehicles are going to struggle," he said.

The Obama administration, which has set a target of putting 1 million rechargeable cars on the road by 2015, gave Fiat a 20 percent stake in Chrysler in exchange for bringing vehicles and more fuel-efficient engines to Chrysler."

http://www.reuters.com/article/wtUSInves...