While Electric Vehicles (EVs) gear up to hit Main Street next year, EVs are already rolling through Wall Street.

An example is the recent (and successful) initial public offering (IPO) by the American battery maker A123 (AONE). A123 provides lithium-based batteries for EVs, and through its IPO, has now provided the finance community with one of the first mainstream opportunities to invest in a pure EV play. The overwhelming response from the “Street” reflects tremendous market confidence in the future of the EV business.

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This is a guest post by John Addison, publisher of the Clean Fleet Report.

In 1971, a bright engineer, Dr. Andy Frank, was looking to the future. He knew that oil production had peaked in the U.S. and that cheap oil would later peak globally. He calculated how to get 100 miles per gallon, and then he built a hybrid-electric car.

Andy Frank was all smiles as a crowd of 600 applauded at the Plug-in 2008 Conference in San Jose, California, last week. Many in the crowd now drive plug-in hybrids as part of their fleet demonstration programs. A number in the crowd had converted their personal Toyota Priuses or Ford Escape Hybrids. This was a crowd of plug-in converts.

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