Kleiner Perkins, Google, Amazon, Netscape back Electric Car

clipped from online.wsj.com The race to develop an electric car is heating up and drawing increasing interest from the same venture-capital investors who helped build Silicon Valley. The latest entrant is expected to be announced today at the North American International Auto Show in Detroit when Fisker Automotive Inc. unveils an $80,000 battery-powered luxury car it aims to begin delivering in late 2009. The Fisker Karma, a so-called plug-in hybrid, can go 50 miles on electricity before a small gasoline engine kicks in to generate electricity The company has backing from Kleiner Perkins Caufield & Byers, perhaps Silicon Valley's best-known venture-capital firm and a backer of household tech names such as Netscape Communications, Amazon.com Inc. and Google Inc. Mr. Fisker's vision is to sell 15,000 electric cars a year. Mr. Fisker believes his company is a couple of years ahead of bigger rivals because the design of the car has been finalized. The Karma, Mr. Fisker said, will use lithium-ion batteries