If all goes to plan, many of us will be going electric by the year 2015.

Part of Obama’s bailout strategizing are the steps to up the amount of electric cars on the highway by the middle of this decade. This will be better for the Earth and will create stimulus in the economy, but it might be hard on our wallets.

Currently, Obama plans to encourage production of electric cars as a way to aid struggling companies. According to the Detroit Free Press, every auto manufacturing giant is taking advantage of the tax incentives and government-offered funding to produce their own line of electric vehicles.

Lithium-ion batteries, the kind that run electric cars, still uses gasoline – albeit sparingly. A Prius owner may only fill up his gas tank every month or two, depending on use of the vehicle. These electric cars are charged the traditional way, by plugging the battery into a power source.

We at Auto Shippers are excited to see where the technological advancements go, and how experts will bring cost of electrical cars down in the near future.