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

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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.

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.

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?

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.

Friday, 6 August 2010

Hero Motors’ Pankaj Munjal: Going Global with a Passion for Wheels


Cars and bikes are in Pankaj Munjal's blood -- after all, his family founded the Hero Group, the New Delhi-based US$5 billion enterprise comprising 20 companies including the world's largest manufacturer of bicycles. As managing director of Hero Motors and Hero Cycles, Munjal oversees the company's two-wheeler production as well as its global auto components business. In an interview with India Knowledge@Wharton at the 2010 Wharton India Economic Forum, the auto aficionado spoke about why his firm is focused on the small-car market, what he looks for in new hires, and what toys he likes to take for a drive.
An edited transcript of the conversation follows.
India Knowledge@Wharton: Tell us about the structure of your business.
Pankaj Munjal: The Hero Group is the eighth largest manufacturing group in India. We have sales of US$5 billion and employed 27,000 people last year. Our group has two ends: a front end -- bicycles and motorcycles [that directly] touch customers -- and a back end [which consists of] parts and services. Our group's companies are the leaders in bicycles; we claim to be the world's largest maker. [We are also a big player in] motorcycles, and our parts [business had] about US$1.2 billion in sales last year.
Hero Cycles and Hero Honda [are customer-facing businesses]. [For our] parts [manufacturing] companies, we have a joint venture with Showa of Japan. We are market leaders in the country and supply to Suzuki and Honda. Suzuki is a market leader, with a 50% market share in India. And we've got a joint venture with Sumitomo Corp. called Munjal Kiriu. We supply to Suzuki, Toyota, Nissan, General Motors -- practically everybody. Every Hero Group company is number one in [its] field.
Then we have a foundry and aluminum die-casting plant, which supplies [these parts businesses]. These components go into automobiles, so they are [quite] competitive. [Our customers] are global companies. When Suzuki [puts out] a tender, it will be a tender for worldwide sales. So if they buy from us, it means we are really globally competitive. So this is the broad structure of the group.
India Knowledge@Wharton: The business that you are in, especially auto parts, depends on the health of the auto industry. Have you seen any challenges with the global downturn? What has been your strategy to weather those?
Munjal: India never really had a downturn. In October 2008, when the meltdown started, there was a little lull for about two months. It was not like a depression, but a little flat curve; growth was not so aggressive. Come January 2009, things were up and buoyant again.

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Thursday, 5 August 2010

EVHUB will be media partner to EV Battery Tech USA

EVHUB has signed deal with "EV Battery Tech USA". 

About EV battery Tech: 
September 21-22, 2010
Detroit Marriott, Troy, Michigan
The EV Battery Tech: Global Cost Reduction Initiative is the only event where senior executives from vehicle manufacturers (including Nissan, GM, Chrysler, Toyota, Ford) gather to explain how their latest technical research on EV batteries will help drive down the cost of the battery in order to accelerate the commercialization of mass market EVs.

Don't get left behind - Attend Future of Electric Vehicles USA

Future of Electric Vehicles 2010 

Don't get left behind as the total market for electric vehicles doubles that for cars. The total market will increase five fold in the next ten years. 

The Future of Electric Vehicles conference covers all types of EVs including land, sea and air - focusing on future breakthroughs.

The components, for example have much in common across all of them, other EV events do little to reflect this.

Many new technologies will be announced with presentations from all over the world.
 
Over 40 speakers include:
Kleenspeed Technologies (200mph Formula1 pure EV) will speak and host a visit.


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http://www.evhub.biz/idtechex/dont-get-left-behind-attend-future-of-electric-vehicles-usa

Wednesday, 4 August 2010

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.
The prototype of Bright's Idea plug-in hybrid utility van.
(Credit: Martin LaMonica/CNET )

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EVHUB.IN has signed as Media partner to " Future of Electric Vehicles" conference which is going to be conducted on 7th and 8th Dec, 2010 in Sanjose, CA, USA http://electricalvehicles.blogspot.com/2010/07/evhub-signed-as-media-partner-to-future.html

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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.

Sunday, 1 August 2010

Biofuels left out as automakers go electric

In the race to replace oil, electric cars seem to be leaving biofuels in the dust.

Five years ago, biofuels such as ethanol and biodiesel looked like the best bet for breaking the world's addiction to oil. Biorefineries turning corn into ethanol sprouted across the Midwest, while startups trying to make fuel from wood chips or grass soaked up venture capital. Big automakers considered electric cars a lost cause.
Now the situation has been reversed. The buzz surrounding electric transportation has never been louder, while the biofuel industry struggles to regain momentum after two brutal years.
By the end of 2010, two global automakers will start selling plug-in cars priced for the mass market. Nissan will introduce the all-electric Leaf, while General Motors offers the Chevrolet Volt, a plug-in hybrid that runs solely on batteries for the first 40 miles of every trip. Automakers as different as Ford, Toyota and Porsche all have plans to go electric.





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GSA adding 5,600 hybrid vehicles, but higher cost remains issue

A massive fleet of new hybrid vehicles is arriving at federal agencies this summer as part of an unprecedented effort to offload the government's least fuel-efficient cars and trucks.
The General Services Administration earlier this year purchased more than 5,600 hybrid vehicles, which pair an electric motor with a traditional gasoline-powered engine. The move single-handedly doubled the government's inventory of hybrid vehicles.
GSA is leasing the new hybrid vehicles to agencies as they trade in their older vehicles, which GSA will sell at auction.
GSA received the first batch of vehicles about a month ago and will continue to receive new vehicles throughout the summer as they roll off the assembly line, said Bill Toth, director of GSA's Office of Motor Vehicle Management.
The new vehicles will go a long way toward helping agencies cut gasoline consumption and reduce their carbon footprints. Nearly all of the hybrid vehicles GSA purchased are 2010 Ford Fusions, a midsized sedan that gets 39 mph on city streets and highways combined — second in class only to the Toyota Prius. The Fusion emits 4.8 tons of carbon dioxide annually, compared with 7.5 tons for the nonhybrid version.

Nation's first electric car sold to individual

Last week little-known carmaker Zotye Auto became the first Chinese company to sell a purely electric car to an individual buyer.
Li Ziqiang, a Hangzhou resident, bought the 5008EV from the Zhejiang-based private manufacturer last Monday after leasing a 2008EV model based on the company's small SUV for six months.
In January this year, Zotye put 100 of its 2008EV model up for lease in Hangzhou to test them in daily use under actual road conditions.
Li paid 2,500 yuan a month to lease the car that would sell for more than 200,000 yuan - far more expensive than its 60,000-yuan petrol-powered cousin made by Zotye.
He said the car only cost him about 100 yuan a month for electricity. He made the decision to buy one after he learned about a government subsidy for new-energy vehicles, said a report of Qianjiang Evening News, a local newspaper in Hangzhou.
Eventually Li paid 108,000 yuan for the car, - not even half of its sticker price - thanks to the central government's subsidy of 60,000 yuan and an allowance offered by the Hangzhou city government.






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Green cars drive into green Shanghai Expo

A brighter vehicle life in 2030 was shown in SAIC-GM Automotive Exhibit Hall in World Expo: "zero emission", zero traffic accident; away from dependence on petroleum, away from traffic jam; automatic drive, even the blind are able to drive -- the green cars shown and running in Expo park make us believe that maybe all of them will be true.
I. April 11, the Expo Park public-traffic program was published. In the Expo Park, two bus lines among of the three adopted pure electric buses, and another one used super capacitance bus, meanwhile, two tourist lines were equipped with hydrogen fuel tour bus. After the Expo Park was open, bus lines would be added to 6 from the current 3 ones, and the total running distance reached 19 kilometers.
On the same day, the concept vehicle, "Leaf", researched and developed independently by SAIC, made its world debut in SAIC-GM Automotive Exhibit Hall in the Expo Park. Besides fresh design, "Leaf", with a giant "green leaf" on its head, steps across "zero emission" and realizes "negative emission", and shows people the brighter city traffic life in 20 years.


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Auto suppliers' dilemma: Which e-vehicle to plug into

In June, Jeneanne Hanley, head of business development and strategy at Southfield-based
Lear Corp
.'s hybrid and electric vehicle business unit, took part in a meeting that would have been unthinkable a few years ago.
A customer was making a pitch, hoping to buy Lear's parts.
The potential customer, one of dozens of automotive startups that aim to sell electric vehicles, was at Lear to “give a presentation to us as to why they think they'll be successful,” Hanley recalled.
The proliferation of alternative-vehicle startups poses difficult questions to suppliers. Which ones will survive and therefore pay their bills, and which won't?
And how many engineering resources should a supplier devote to these new customers, helping them integrate the supplier's parts into unproven vehicles?

Troy Wolverton test-drives the all-electric Nissan Leaf and plug-in Chevy Volt

Who knew that electric cars could be fun to drive and practical at the same time?
Those were my impressions last week after test-driving the all-electric Nissan Leaf and the plug-in Chevrolet Volt, two new cars that will reach showroom floors later this year. The Leaf was zippy, spacious and fun. The Volt felt like a standard family car updated for the 21st century with high-tech features you can control through a smartphone.
I liked them both but for different reasons, and would consider buying either of them if I were in the market for a car.
The Volt and the Leaf represent the vanguard of a new generation of electric cars, but each has its own take on what that means.
The Leaf is all-electric, which means you never have to worry about burning gasoline or having to deal with the maintenance issues of a combustion engine, such as changing the oil or replacing the spark plugs or timing belts. The trade off is that it has a range of only 100 miles — less if you drive fast or run the heater or air conditioner, both of which draw power from the battery.
And once you drain the battery, recharging it is not as easy and quick as filling up at a gas station. Instead, you'll typically have to wait eight to 20 hours for the batteries to recharge, depending on the type of outlet you use. (Recharging can be much quicker — as little as 30 minutes or so to get an 80 percent charge — at one of the relatively few fast-charging stations.)