As I wrote when gas prices first spiked, expect to see lots of new businesses and business opportunities emerge. This new electric car, the Zenn, is likely to catch on as a second or third car in a lot of households. It costs just $10,000, and it is an all electric car with limited range and limited speed. But it will meet the around town and commuting needs of many people. Most of don't need a car with a 400 mile range and a top speed of 90 mph just to drive to the store or to work.
If I had one, I'd slap some solar cells on the roof and let it recharge for free in the parking lot all day at work--free gas, so to speak.
Update:
As of late 2007, this car is now available in the U.S. Here is a dealer map [link no longer available].