Valley has become hub for electric vehicles

With Tesla Motors leading the way, Silicon Valley has become a hub for electric vehicles. It is also home to some of the top companies working on the infrastructure to keep the cars running and on the road.

Former Brocade CEO Greg Reyes was sentenced to 18 months in prison for his role in a securities fraud case that emerged as the centerpiece of the stock-option backdating scandal that rocked Silicon Valley in the middle part of last decade.

Read this news @ http://www.evhub.in/news/124#124

London gears up for electric vehicles

25,000 charge points to be in place in capital by 2015

On the day that London has been branded as having the poorest air quality in Europe, Transport for London has unveiled its plan to ramp up the use of electric transport in the capital.

The plan appears geared towards electric cars - 1,000 of which are set to become part of TfLs fleet in the next few years – and the move will see the introduction of 1,600 charge points across London by next year and 25,000 within five years. At that point no Londoner will be further than a mile from a charge point.

Read this news @ http://www.evhub.in/news/123#123

Tesla IPO: Will build electric cars for $178 million

Tesla Motors, whose $109,000 electric Roadster is vividly familiar to anyone who’s ever picked up a car magazine (or, recently, a business one) is trying to go public and raise $178 million (up from $100 million). My guess: They’ll do it, because Tesla is a very sexy business, with a great image. Who wouldn’t want to tell people at cocktail parties that they’re an investor in Tesla?

The harder part will be getting the company out of the high-end luxury niche it is in now. Tesla’s strategy is clear enough: It’s rolling out the Model S at $49,900 (inclusive of a $7,500 federal tax credit) late next year as a 2012 model, and with the money that better-selling sedan brings in will then prepare an even-more-affordable third car. At that point, a publicly traded Tesla Motors will go mainstream and get out of the niche.

Read this news @ http://www.evhub.in/news/122#122

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