GM invests in electric vehicle start-up Bright

General Motors has invested in electric vehicle company Bright Automotive, marking the first investment by the auto giant's venture-capital arm.

The companies said Tuesday that the investment by recently created GM Ventures for an undisclosed amount will give GM a minority stake in Anderson, Ind.-based Bright and accelerate Bright's plans to manufacture a plug-in hybrid van that can get up to 100 miles per gallon.

The prototype of Bright's Idea plug-in hybrid utility van.

(Credit: Martin LaMonica/CNET )

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Should the Government Subsidize Electric Cars?

Last week, General Motors revealed that its new plug-in hybrid Chevy Volt would cost at least $41,000. With a $7,500 government credit, that price will drop to around $33,500. That price, however, still puts it out of reach for many Americans. Via Slate, Charles Lane wrote a scathing article last week about the government consequently providing a pricey subsidy to wealthy Americans. But Daniel Gross, also through Slate, says that the process of innovation often requires such government assistance, and the poor will ultimately be better off because of it. Who has it right?

Here's the heart of Gross's argument for why the credit makes sense:

We're in a period of slack demand and low capacity utilization, with lots of empty factories, buildings, and stores. Companies are sitting on hoards of cash. In a time like this, they need special inducements--bribes, incentives, tax breaks--to make large new investments. In such a climate, the government has to give industry a nudge to get off its rear. And there are signs that the $2.4 billion in grants that the Department of Energy made to spur electric vehicle production is doing just that.

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Public plug-in locations for electric cars planned

Backers of electric cars are showing where drivers will be able to charge up around San Diego County in an effort to battle “range anxiety” — the fear that an electric car’s battery will run out of power and strand the driver.

In maps they are releasing today, local government, utility and corporate officials have identified which neighborhoods will be the first to get public chargers that are funded in part through a federal grant.

“It’s the basic infrastructure that helps support the expansion of electric cars inCalifornia ,” said county Supervisor Ron Roberts, a member of the California Air Resources Board.

The officials want people who are thinking of getting an electric car to see where they can go without fear of running out of juice.

They’re also showing off the chargers, to be branded “Blink” by Ecotality, a San Francisco company that is leading the federally funded effort.

The chargers are coming because San Diego is one of the first regions in the country getting electric cars in a nationwide pilot project.

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Electric Vehicle Choices Expand

One of my basic assumptions about our energy future is that most automobiles will eventually be electrified. That's based on extensive scenario work done with my former colleagues at Texaco, Inc. in the late 1990s. Nothing I've seen since then has changed my view on that. However, vehicle electrification is not necessarily synonymous with "electric vehicle" (EV) in its common usage to connote a car powered only by electricity stored in batteries. It's a much broader category, covering all three electrification options now slated to be available to consumers by year-end: hybrids, plug-in hybrids, and "pure" EVs. It also encompasses fuel cell vehicles, though these have yet to move beyond the test-market stage. The characteristics of the three current varieties of electrified vehicles differ in important ways that will affect both their impact on our energy consumption and their success as consumer products.


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India’s EV market in desperate need of a charge

While the sight of this lilliputian on four wheels buzzing around may lighten almost everyone’s mood, the all-electric Reva car is, unfortunately, failing to change both mind-sets and the industry. Since it's launch in India in 2001, the car has produced close to just 4,000 Reva cars from its Bangalore plant, which has an annual production capacity of 6,000. 


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Zotye Auto becomes first in China to sell EV to individual buyers

Li Ziqiang, a Hangzhou resident, bought the purely electric car last week - PhotoProvided to China Daily

Few have heard of Zotye Auto or its first all-electric vehicle 5008EV. But the company has now gained the distinction of being the first Chinese automaker to launch an all-electric vehicle for individual buyers in China.

Li Ziqiang, a Hangzhou resident, bought the 5008EV from the Zhejiang-based private manufacturer on July 26 after leasing a 2008EV model based on the company's small SUV for six months. In January this year, Zotye had put 100 units of its 2008EV model up for lease in Hangzhou to be tested for daily use.

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