Saturday 7 August 2010

ELECTRIC CAR NEWS; THE ELECTRIFICATION OF TRANSPORTATION CONTINUES ERNST & YOUNG REPORTS

Driving Green: Tesla Motors (Nasdaq: TSLA) in the spotlight in Q2
Date Released: 08/06/2010
August 5, 2010 Driving Green at Investorideas.com reports on recent news and developments for green and electric car stocks for interested investors.Read and Hear Driving Green Podcast and industry commentary, part of the green investor content at Investorieas.com and Renewableenergystocks.com: Driving Green Podcasts and Commentary at Investorideas.com: http://www.investorideas.com/dg/
Recent Electric and Green Car news and developments:
From a recent report by Ernst & Young; US VC Investment in Cleantech Continues Upward Trajectory With $1.5 Billion Investment in Q2 2010 Best quarter since Q3 2008; top 10 deals account for two thirds of the total quarterly investment

Read full news @ http://www.evhub.in/news/189#189
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GM reduces shock at Volt's high price

General Motors has priced its Chevrolet Volt plug-in hybrid at US$41,000 ($56,280), including a shipping fee, and plans to tell consumers the cost covers a peace of mind that's missing from other electric vehicles.
The price of the Volt, which goes on sale in the US in October or November, compares with the US$32,780 Nissan wants for its Leaf electric vehicle, which goes on sale in December. Buyers of both cars are eligible for a US$7500 federal tax credit.
GM says the Volt can travel as far as 65km on battery power before it switches to its petrol-powered engine. The Leaf is an all-electric vehicle advertised as having an estimated 160km range before drivers need to recharge.
GM's research and its experience with the EV1 electric vehicle in the 1990s indicated customers interested in electric vehicles also wanted the peace of mind provided by the Volt's onboard engine, said US marketing chief Joel Ewanick.

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Holy Grail of Electric Vehicles: 30-minute Charging

With electric vehicles coming closer to maturity and mass-market adoption, one crucial stumbling block remains in place: limited range made worse by hours-long charging.
Consumers may dump the idea of buying an EV with a range of 75 to 100 miles because they can only get so far before needing another charge to replenish the vehicles batteries and at present, fully charging an EV can take hours and even an overnight length of time.
The New York Times has a story that looks at one of the solutions aside from fast-charging batteries; high-voltage quick chargers.

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Do Electric Vehicles Mean You Should Invest in Coal?

The upcoming crop of electric cars is impacting Wall Street analysts and not just because of potential car sales. Motley Fool, an investment website, advises people to invest in coalbecause zero-emission vehicles such as the upcoming Nissan Leaf will plug into the national electric grid, which is powered largely by coal. While the money men think coal is a good investment, that doesn’t mean renewable resources aren’t making gains.
It will be a long time before wind and solar resources power our electric vehicle fleet — some might say never — and each EV purchased adds the equivalent of a new house to the electric grid, which necessitates more electricity production. This means burning more coal and spewing more greenhouse gases into the atmosphere is inevitable, right?

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Victoria to trial electric cars

Brumby spends $5m of $38b transport plan on zero-emission vehicles.

The Victorian Government was seeking 180 households for a $5 million, five-year trial of zero-emission electric cars.
It was part of a $38 billion transport plan for the state.
The trial involved 180 charging points and 60 vehicles - passenger cars, light commercial vehicles and two-wheelers - to be rotated between participants every three months.

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