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Honda CEO Sees Potential For Electric Vehicles

Honda Motors CEO Takanobu Ito said that there could be a "huge demand for battery-powered electric-vehicles," in the near future. This is currently the strongest endorsement of alternative fuel technology Ito has made, while his predecessor ignored it as impractical. The Japanese automaker has plans to launch a plug-in hybrid, as well as a pure electric-car by 2012.

"It's starting to look like there will be a market for electric vehicles (EVs)," Ito said…