Monday 12 October 2009

The Financial Potential of the New Electric Vehicle Market ( EVHUB.BIZ EV News update )

Some sectors are intensely optimistic about investors’ shift in focus. In a recent article for CNN Money, Steve Hargreaves writes: “Many analysts believe electric cars will begin replacing internal combustion engines… Since the battery is the most expensive component in an electric car, the conventional wisdom has it that whoever controls the battery market may ultimately control the auto industry.” We love that kind of thinking, but we are cautious that the “conventional wisdom” may over-simplify the relationship between the battery market and the auto industry. For example, who “controls” the auto market today? The major auto original equipment manufacturers? The battery makers? The fuel companies?


More news on this story @ http://gas2.org/2009/10/12/the-financial-potential-of-the-new-electric-vehicle-market/


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Southington officers try out three-wheel electric vehicle ( EVHUB.BIZ EV news updates )

SOUTHINGTON - Visitors to the Apple Harvest Festival may have noticed a police officer riding around on an unusual three-wheeled scooter - the T3 Personal Electric Mobility Vehicle.

It was on loan from MHQ, a company that provides the Southington Police Department with police equipment.

"It's a product that is fairly new to the East Coast," said Steven Hershmen, MHQ branch manager. "We are trying to get that rolled out and introduced as a more stable platform of vehicle. We're interested in getting feedback about it."

Several police departments across the country have been using the two-wheel Segway vehicles. But Hershmen says the T3's third wheel adds stability. Instead of leaning to turn the Segway, which can be problematic in a crowded situation, the T3 turns with handlebars, Hershmen said.

"The way that it is steered, the handlebars control the left to right. On the Segway, if you got bumped and the handle goes left, you go left," Sgt. Lowell DePalma said about the T3 vehicle. "The movement doesn't work like that. You turn it with the handlebars like you would a bicycle or a motorcycle."



More news on this story @ http://www.myrecordjournal.com/site/tab1.cfm?newsid=20378102&BRD=2755&PAG=461&dept_id=592709&rfi=6


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Toyota Wants California Low-Carbon Credits for Its Battery Cars ( EVHUB.BIZ EV news update )


Oct. 13 (Bloomberg) -- Toyota Motor Corp., the world’s largest seller of hybrid vehicles, said potentially valuable emissions credits that California plans to give to utilities for supporting rechargeable cars should go to automakers instead.
Carmakers absorbed the costs to develop advanced vehicles to meet state requirements, Kevin Webber, Toyota’s U.S. general manager for regulation and certification engineering, said in comments filed last week with the California Public Utilities Commission. “Any societal benefit from the low-carbon-fuel aspect of these vehicles, especially the generation of credits, must accrue to the auto manufacturer,” he said.
The most populous U.S. state begins a program next year to cut carbon intensity of transportation fuels 10 percent by 2020 to pare emissions of gases linked to climate change. To entice utilities to accommodate demand growth spurred by charging of electric cars, the state plans to give credits that can be sold to fuel makers that need to offset carbon in their products.

More news on this story @ http://www.bloomberg.com/apps/news?pid=20601080&sid=aRintGBhdP7Q
Toyota, General Motors Co., Nissan Motor Co. and other carmakers are preparing to sell models powered wholly or in part by rechargeable batteries. California requires the biggest carmakers to sell such vehicles, which are still costly because of the lithium-ion batteries that propel them.
The value of the credits hasn’t been set, and trading isn’t likely to begin until at least 2011. State regulators also are reviewing whether utility rates may need to be increased to cover the cost of charging infrastructure for electric cars.

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Smith Electric Vehicles begins production at KCI; location of permanent plant uncertain( EVHUB.BIZ EV News Update )


Smith Electric Vehicles has begun limited assembly operations locally, but economic development officials expect a major struggle next year to keep the British import here for the long haul.
The first 14 employees are working at a temporary facility at Kansas City International Airport, with 40 expected to be on the payroll by the end of the year, said Jeff Kaczmarek, president and CEO of the Kansas City Economic Development Corp. A limited number of the battery-powered delivery vans are expected to be assembled this month.
The big question, however, is whether Kansas City will be able to hold onto Smith Electric should the orders begin in earnest and the company move forward with building a full-scale plant.
Smith Electric signed only a one-year lease last summer on the 80,000-square-foot former aircraft maintenance building, with an initial investment estimated at $5 million.
“Smith Electric Vehicles is being heavily courted by a variety of other communities for their permanent facility,” Kaczmarek said Monday. “We have a toehold, but we’re in fierce competition with other states, and we have to aggressively move on a variety of fronts.”
Bryan Hansel, CEO of Smith Electric, could not be reached for comment.
More on this story @ http://www.kansascity.com/business/story/1504721.html

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