The New York Times Magazine has a big feature article about green technology and the Silicon Valley venture capitalists. Headlining is a small car from Norway dubbed THINK. Kleiner Perkins has invested in the company to bring the TH!NK City car to the United States.
The TH!NK City is an environmental vehicle, emission free and 95% recyclable. It reaches a top speed of 100 km (65 miles) per hour and can drive up to 180 km (110 miles) on a single charge. TH!NK City meets all European and US federal motor vehicle safety requirements.

The TH!NK City is currently produced in Norway and international sales are slated to begin in Scandinavia, with Switzerland and France also being the initial focus areas. Sales other than initial trial and demonstration projects will begin in The North American market in 2009.
More details on the TH!NK site.

The NY Times Magazine article is a lengthy read about the chances of Venture Capitalists saving the world by investing in green technology and still be able to make a bundle.