Silver Scorpio - International News | Spot News | Top News | Flash News | Live News
(Reuters) – A senior executive of Toyota Motor Corp (7203.T) said on Tuesday he expects the automaker to be able to build Prius gas-electric hybrid cars in North America from the next remodeling.
Atsushi Niimi, Toyota executive vice president in charge of production, also said he expects a slow recovery in the U.S. market.
(Reporting by Chang-Ran Kim)
July 27 (Reuters) – A senior executive of Toyota Motor Corp (7203.T) said on Tuesday he expects the automaker to be able to build Prius gas-electric hybrid cars in North America from the next remodelling.
Atsushi Niimi, Toyota executive vice president in charge of production, also said he expects a slow recovery in the U.S. market. (Reporting by Chang-Ran Kim)
John Doerr, the brilliant and hard-charging venture capitalist (pictured left), has told me several times that cleantech is still awaiting its “Netscape moment.”
What he means, I think, is that investors will get excited about start-up companies across a range of so-called clean technologies — solar, wind, biofuels, energy efficiency, green chemistry, lighting — when one of them has an attention-grabbing initial public offering like Netscape’s in 1995 which, by some accounts, set off the Internet investing craze.
I don’t see a “Netscape moment” on the immediate horizon for cleantech but, of course, no one knew that the Internet browser company would take off before its IPO. But if we are to get the clean-energy transformation we need, enormous amounts of capital will be required. So any evidence that investors are warming to cleantech companies is welcome. I’ve seen several encouraging signs lately.
The first, of course, was Tesla’s electrifying IPO. (Sorry, couldn’t resist.) The stock, priced at $14 to $16 a share, climbed to nearly $24 on its first day before falling below $20 by week’s end. The investor enthusiasm, I’d guess, was more about the potential for the electric car industry than about Tesla. The company has piled up $290 million in losses and would be stalled were it not for a $465-million loan from the U.S. Department of Energy, which makes all of us investors in Tesla, in a way. It will need a lot more capital than the $226 million that it raised during its initial offering to produce cars at scale and make money. Tesla had sold only about 1,000 cars through March.
Still, electric cars are coming. BMW is getting serious about building one, as The Times reported last week. The paper quoted Kai Petrick, a BMW strategist, as saying: “The departure from fossil fuels is an irreversible trend.” The Chinese firm BYD is moving ahead, as are Chevrolet with its Volt and Nissan with the Leaf. Whether or not Tesla succeeds, money will be made in this sector and investors appear ready to jump in.
The second promising development is the fact that about $2 billion in investments went into 140 cleantech companies during the second quarter of 2010, according to the latest report on cleantech venture investments from the Cleantech Group and Deloitte. That’s about the same as the first quarter, and up by 43 percent from the very sluggish Q2 in 2009.
Some money is coming from traditional VCs but much is coming from big companies, who are more cautious in their investing approach; this is a sign that the startups have good prospects. Top deals included investments from Intel Capital, GE Capital, Shell, the Brazilian conglomerate Votorantim, the French power firm Alstom and Cargill Ventures. Utilities also stepped up their investments in wind and solar generation.
Scott Smith, Deloitte’s cleantech leader in the U.S., is quoted as saying:
The significant strengthening of corporate and utility investment into the cleantech sector, relative to 2009, is very encouraging, given the key role they will play in enabling broader adoption of clean technologies at scale.
Breaking the investments down by sector, the report says:
About $811 went to 26 solar companies including Solyndra (which withdrew its plans for an IPO), BrightSource Energy and Amonix, whose investors include Kleiner Perkins, where John Doerr and Al Gore are partners.
About $302 million went to 13 biofuels companies including Amyris Biotechnologies, another Kleiner Perkins portfolio company, and Virent Energy. Amyris, which makes malaria vaccines as well as biofuels, has filed for an IPO.
About $256 million went to 11 smart grid companies, including Landis + Gyr, OpenPeak and GreenWave.
!–pagebreak– Finally, I recently spoke to a cleantech analyst named Tim Sullivan, who works with an interesting website called Sharespost, which enables the buying and selling of shares in private, venture-backed companies, including those in cleantech. The sellers are primarily former employees of startups who want to unload their stock; the buyers must be so-called accredited investors, with a high net worth.
“People who have been with the company, investors or employees, may need liquidity,” Sullivan told me. “The financial markets are still in turmoil. It’s not a great time to have an initial public offering.”
Sharespost offers a window into what some buyers and sellers think private companies are worth. Tesla shares, for example, traded late in 2009 and early this year for between $4.75 and $9 a share, so the buyers did very well if they chose to sell their shares after TSLA went public last week.
Currently, you can find sellers offering shares of Nanosolar for $2 to $2.60 per share, giving the company an implied valuation of between $370 million and $481 million. Buyers, meanwhile, have offers outstanding for Solar City that value that company at between $240 million and $302 million. Silver Spring Networks, a Kleiner Perkins-backed smart grid company, has both buyers and sellers who value the company at $1.7 billion to $2 billion. Sharespost also offers free research and news on the companies that it tracks.
When I asked Sullivan to name a company that he thought was ready for an IPO, he mentioned Silver Spring. “Most of the large utilities are customers,” he said. “They are doing quite well from a revenue perspective.”
Sullivan identified three obstacles that are holding back cleantech companies. First, many are capital intensive. Second, they are policy-dependent and “politically, oil, coal and natural gas have a lot more muscle.” Third, they are complicated. “The thing about cleantech,” he said, “is that there are so many technologies, and they are so different from an engineering perspective and they have very different businesses.” Investors and analysts have a hard time understanding them.
So, as I said, cleantech isn’t ready yet for its “Netscape moment.”
And that may be O.K. Netscape set off a bubble, followed by a collapse. And Netscape itself? It was acquired by AOL and gradually withered away.
GreenBiz.com Senior Writer Marc Gunther is a longtime journalist and speaker whose focus is business and sustainability. Marc maintains a blog at MarcGunther.com. You can follow him on Twitter @marcGunther.
PARIS, June 13 (Reuters) – French carmaker Renault (RENA.PA) aims to repay at least 500 million euros ($601.9 million) of debt to the state before year-end, Chairman and Chief Executive Carlos Ghosn said in an interview on French radio on Sunday.
“It will be a minimum of 500 million euros,” Ghosn told Europe 1, adding Renault wished to repay the debt in concert with fellow French carmaker PSA Peugeot Citroen (PEUP.PA).
“We wish that the re-imbursements are made together (with Peugeot)… before the end of the year,” Ghosn said.
Renault and PSA both received state loans of 3 billion euros in early 2009 to help secure their financing needs in return for guarantees relating to jobs and factories in France.
In May, Ghosn had said the French carmaker was not planning to wait until 2014 to reimburse the loan and it would not need a capital increase.
On Sunday, he said the debt markets had re-opened and the company would be able to raise fresh funds.
Ghosn is also Chairman and Chief Executive of Nissan (7201.T) in which Renault owns a 43.4 percent stake.
On a separate matter, Ghosn said Renault and its Japanese partner Nissan together wished to sell some 500,000 electric cars before 2015.
Electric vehicles are regarded as important engines of growth for the struggling car industry.
At first, Ghosn said, the car would not have an autonomy of more than 160 kms. ($1=.8307 Euro) (Reporting by Astrid Wendlandt; Editing by Louise Heavens)
(Reuters) – Nissan Motor Co on Friday kicked off a week-long test-drive event for its Leaf electric car, saying it had a combined 20,000 orders in Japan and the United States six months before the car goes on sale.
Gulf Oil Spill
Japan’s No.3 automaker is inviting 500 journalists, shareholders, government officials, and some customers who have placed reservations to drive the five-seater hatchback at its test track near Tokyo in an exclusive preview through June 19.
Nissan is counting on the zero-emission Leaf to regain its reputation as a technology leader after trailing Toyota Motor and Honda Motor in fuel-efficient hybrid cars.
Nissan and its French partner Renault SA are the most aggressive proponents of battery-run electric cars, aiming to become the first in the world to sell them in large numbers with a global roll-out of eight models in 2012.
Ahead of the Leaf’s December launch in Japan, United States, and select European markets, Nissan hopes to dash any remaining doubts over the practicality of electric cars, whose limited driving range is seen as their biggest shortcoming.
The Leaf has a maximum listed range of 160 km (100 miles), which could be cut by half depending on traffic conditions, temperature and use of air-conditioning.
To allay “range anxiety,” the Leaf is equipped with an on-board telematics system that tells drivers how far they can go with the remaining battery power, or where the nearest charging station is.
Powered by an electric motor that runs on Nissan’s in-house developed lithium-ion batteries, the Leaf provides smooth and near-instant acceleration that engineers said was better than that of a 3.5-liter gasoline engine car.
With no engine, the car is silent. In a first for the industry, Nissan said it developed an artificial sound — a combination of a high and low-pitched hum — for the Leaf to make at speeds below 30 km/hour to alert pedestrians of its combination of a high and low-pitched hum — for the Leaf to make at speeds below 30 km/hour to alert pedestrians of its
approach.
The Leaf has a sticker price of 3.76 million yen ($41,130) in Japan and is expected to cost consumers 2.99 million y en after government subsidies. Japan has not disclosed incentives policies beyond the fiscal year to end-March 2011.
(Reporting by Chang-Ran Kim)
June 11 (Reuters) – Nissan Motor Co (7201.T) on Friday kicked off a week-long test-drive event for its Leaf electric car, saying it had a combined 20,000 orders in Japan and the United States six months before the car goes on sale.
Stocks | Global Markets | Cyclical Consumer Goods
Japan’s No.3 automaker is inviting 500 journalists, shareholders, government officials, and some customers who have placed reservations to drive the five-seater hatchback at its test track near Tokyo in an exclusive preview through June 19.
Nissan is counting on the zero-emission Leaf to regain its reputation as a technology leader after trailing Toyota Motor (7203.T) and Honda Motor (7267.T) in fuel-efficient hybrid cars.
Nissan and its French partner Renault SA (RENA.PA) are the most aggressive proponents of battery-run electric cars, aiming to become the first in the world to sell them in large numbers with a global roll-out of eight models in 2012.
Ahead of the Leaf’s December launch in Japan, United States, and select European markets, Nissan hopes to dash any remaining doubts over the practicality of electric cars, whose limited driving range is seen as their biggest shortcoming.
The Leaf has a maximum listed range of 160 km (100 miles), which could be cut by half depending on traffic conditions, temperature and use of air-conditioning.
To allay “range anxiety”, the Leaf is equipped with an on-board telematics system that tells drivers how far they can go with the remaining battery power, or where the nearest charging station is.
Powered by an electric motor that runs on Nissan’s in-house developed lithium-ion batteries, the Leaf provides smooth and near-instant acceleration that engineers said was better than that of a 3.5-litre gasoline engine car.
With no engine, the car is silent. In a first for the industry, Nissan said it developed an artificial sound — a combination of a high and low-pitched hum — for the Leaf to make at speeds below 30 km/hour to alert pedestrians of its approach.
The Leaf has a sticker price of 3.76 million yen ($41,130) in Japan and is expected to cost consumers 2.99 million yen after government subsidies. Japan has not disclosed incentives policies beyond the fiscal year to end-March 2011. (Reporting by Chang-Ran Kim)
June 10 (Reuters) – TSMC (2330.TW), the world’s biggest contract chipmaker, posted a 38 percent rise in sales for May as it benefited from growing demand for new computers and other high-tech gadgets.
Stocks | Global Markets
Unconsolidated sales at Taiwan Semiconductor Manufacturing Co Ltd (TSMC) (TSM.N) were T$33.84 billion ($1.04 billion) last month, versus T$24.47 billion a year earlier, the company said on Thursday. (US$1=T$32) (Reporting by Jonathan Standing)
Stocks
Global Markets
After reading this article, people also read:
* RPT-Smart to test electric cars in some U.S. citiesJun 9, 2010
June 1 (Reuters) – China will start a pilot programme in 5 cities to provide subsidies of up to 50,000 yuan ($7,320) to buyers of hybrid cars, China’s Ministry of Finance said on Tuesday.
The cities included in the programme are Shanghai, Shenzhen, Changchun, Hangzhou and Hefei, according to a statement on the ministry’s website, www.mof.gov.cn.
It did not say when the programme would begin.
For purely electric-powered cars, the subsidy could be as high as 60,000 yuan, the ministry said. (Reporting by Zhou Xin and Alan Wheatley; Editing by Ken Wills)
Mahindra & Mahindra’s move to acquire majority stake in Reva Electric Car Company has created wide ripples in the Indian auto mart. Post acquisition, Chetan Maini, Mahindra Reva’s chief of technology and strategy, discusses with FE’s Jaishankar Jayaramiah the motives behind the move, future plans and his family’s role in the new company : Excerpts :
What made Reva to sell a majority stake to M&M?
The electric vehicle market in India is poised to grow significantly and we have concluded that in order to seize the opportunity, we need resources and experience of a major automotive manufacturer like Mahindra & Mahindra (M&M). In M&M, we have found a company that not only shares our vision of principled and sustainable growth but also has a reputation for good corporate governance.
What kind of changes can one see in Reva, now that M&M has made this investment?
As a result of Mahindra’s investment, Mahindra Reva will be able to scale, innovate, accelerate and deliver better products to more customers in more places.
Reva already has a pact with General Motors to make electric cars for the Indian market. You also sell your cars in GM’s outlets. Now with M&M acquiring controlling stake in Reva, what is the status of the pact with GM?
It was not clear if GM will continue with the agreement. It is for them to decide. After knowing our agreement with M&M, GM has informed us that they would look for other options. We are open to what GM decides.
What are the major benefits the company will get due to association with M&M?
M&M has a strong distribution network in the domestic and international markets. Reva is a technology innovator with the largest deployed fleet of electric cars in the global market today.
In 2006, Reva raised $20 m from global PE players. Post the buyout by M&M, what is the status of your PE partners?
There are no more PE investments in Reva. We already bought the stakes of GEF and DFJ some months ago. As of now, M&M, the Maini family and California-based AEV LLC are only the stake holders in the company.
Beijing, May 26 (IANS) China and the United States agreed to work together in order to ensure energy security and stabilise the international energy market.
As the world’s two largest producers and consumers of energy, China and the US have the responsibility to ensure energy security, said a joint statement after the two-day bilateral Strategic and Economic Dialogue Tuesday.
The two countries will work to stabilise the international energy market by improving its transparency, avoiding sharp fluctuations of oil prices, and also by closely working with the International Atomic Energy Agency and other organisations, Xinhua reported.
A special team will be set up to enhance information sharing and cooperation in technological support, the statement said.
The two countries will also broaden cooperation in nuclear power security and operation and promote use of renewable energy sources.
A diversified power supply for vehicles was vital for energy security for both countries in the coming decades, the statement said, emphasising on the promotion of electric cars, energy-saving technologies and other advanced fuel substitutes.
In a signal that the demand for fuel-efficient and clean vehicles continues to gain momentum, the Obama administration convened a meeting of automakers and utility executives last month to explore how these two historically separate industries will work together to roll out electric vehicles.
And, even though Obama’s ambitious pledge to have one million electric vehicles on the road by 2015 will be supported by $2.4 billion in grants, numerous studies have pointed out multiple barriers to widespread EVs adoption.
Adelaide City Council says a city parking station now has spaces where electric cars and powered wheelchairs can recharge.
That parking station was chosen because it has solar roof panels.
The idea was proposed by an electric car enthusiast, Bruce White, who thinks it will be of great benefit.
“For me, I live down at the beach, I normally can come in and out of the city once. If I want to do a bit more running around this gives me more flexibility so it’s a great tool,” he said.
Councillor Stephen Yarwood says more electric cars would change the face of Adelaide.
“You have cleaner air, you have less oil dropping onto the roads, you have quieter streets, you might even hear the birds sing,” he said.
The recharging points are in the Grote Street U-Park and can be used for just the normal cost of city parking.
The European Union appears to be backtracking on its biofuels policy with a new study showing that more than 5.6 percent of biofuel in road fuels can damage the environment.
EU leaders agreed in 2008 that 10 percent of transport fuels should come from renewable sources by 2020 — mostly biofuels as electric cars would still be in their infancy.
But environmentalists criticised the target, saying it would affect the way land is used around the world, forcing up food prices and encouraging deforestation.
The EU’s most comprehensive biofuels modelling exercise yet was made public on Thursday, but is based on having just 5.6 percent of biofuel in road fuels.
Experts say the 10 percent figure was shaved to 5.6 percent partly by exaggerating the contribution of electric cars in 2020, forecasting they will represent 20 percent of new car sales. That figure is between two and six times the car industry’s own estimate.
They also say the study exaggerates to around 45 percent the contribution of bioethanol — the greenest of all biofuels — and consequently downplays the worst impacts of biodiesel.
Bioethanol’s contribution is around 19 percent today.
But it was not clear if the Commission had intentionally given unrealistic data to the consultancy that handled the project, or whether it was preparing for a policy change.
“The 5.6 percent figure is not based on an honest reflection of reality, or else the Commission is preparing to backtrack on its target,” one EU official said.
POLICY REVIEW
At the centre of the debate is an issue dryly referred to as “indirect land use change”, which has put palm oil producers in Malaysia and Indonesia in the cross-hairs of environmentalists.
Critics say that regardless of where they are grown, biofuels compete for land with food crops, forcing farmers worldwide to expand into areas never farmed before — sometimes by hacking into tropical rainforest or draining peatlands.
Burning forests and draining wetlands can pump vast quantities of climate-warming emissions into the atmosphere, cancelling out any theoretical climate benefit from the fuel.
But the study found the effects were not significant until EU biofuel use reached a certain point.
“Indirect land use change effects do indeed offset part of the emission benefits, but are not a threat at the currently estimated volume of 5.6 percent of road transport fuels required,” a European Commission statement said.
The report said that if the amount of biofuels were raised above 5.6 percent, “there is a real risk that indirect land use change could undermine the environmental viability of biofuels”.
“The EU is gambling with the future of tropical forests and with climate-damaging greenhouse gases,” said campaigner Adrian Bebb of Friends of the Earth Europe. “This demands an urgent review of EU biofuels policy.”
Vegetable oils can be used in biodiesel, which has led to worries of increasing food prices as food crops get diverted to feed Europe’s growing car fleet. But the study found little impact at 5.6 percent.
“The effect of EU biofuels policies on food prices will remain very limited, with a maximum price change on the food bundle of plus 0.5 percent in Brazil and plus 0.14 percent in Europe,” it said.
This finding contradicts other studies by the Commission, which showed that EU biofuel targets could raise the price of cereals and vegetable oils by 10 percent and 35 percent respectively, creating food shortages in the developing world.
The European Biodiesel Board said its members faced tougher scrutiny than other vegetable oil buyers in the food industry, power generation or oleochemicals.
“Once this directive is in place, EU biofuels will be the most monitored and scrutinised product in the world,” said secretary general Raffaello Garofalo.
(Reporting by Pete Harrison, editing by Dale Hudson and Anthony Barker)
Melbourne, March 24 (ANI): Lithium batteries are used in everything from computers to electric cars, but the disadvantage has always been long recharge times. Now, a team of scientists in the U.S. has come up with a novel way to dramatically cut the time it takes to recharge a lithium battery.
Dr Ibrahim Abou Hamad and his research team from Florida State University and Mississippi State University say that recharge times can be dramatically reduced by applying an oscillating electric field to a lithium battery”s anode.
A lithium battery anode consists of a stack of graphene sheets, bathed in an electrolyte through which lithium ions diffuse, reports ABC Science.
During charging, an electric field pushes the lithium ions into the graphene sheets, where they have to cross a barrier to become embedded and stored, a process called intercalation.
Using a computer model, the researchers studied the movement of these ions and the forces acting on them.
They found that when the electric field pushes the lithium ions towards the graphene sheets, the intercalation process was limiting the rate at which lithium ions could cross the potential barrier into the graphene.
They could overcome this barrier by superimposing an oscillating electric field onto the charging field.
This not only helped the lithium ions over the barrier, but created an exponential relationship between the intercalation time and the oscillating field amplitude.
That meant a small increase in amplitude caused a big increase in intercalation.
The researchers believe this approach could mean faster charging times and the possibility of providing higher power densities.
The finding appears in the journal Physical Chemistry Chemical Physics. (ANI)
London, Sep 19 (ANI): The British Government has announced a 10-million-pound loan to Indian carmaker Tata Motors for the electric car-manufacturing project in the UK.
The loan, part of a scheme backing low-carbon technology in the motor industry, will support a 25 million pound investment by Tata Motors in its West Midlands base, The Scotsman reports.
In July, Tata Motors had threatened to scrap plans to build electric cars in the UK if it did not receive a 10 million pound loan soon.
The company was furious after being told by officials from Mandelson’s Business Department that it needed more time to find out if the venture will be considered for the loan, taking the total waiting time to six months.
In April, Tata Motors registered its expression of interest to apply for the 10 million pound loan to help launch the new Vista electric vehicle, which was unveiled at the Geneva Motor Show this year, and build an assembly line for it in the UK.
Tata Motors’ Norwegian subsidiary, Miljo, has already been awarded a six million pound loan and a one million pound grant from the Norwegian Government for electric cars. (ANI)
Bavina Cars – Bavina Cars to set up manufacturing unit in Tamil Nadu
Tamil Nadu government has allotted 100 acres of land for electric car manufacturer Bavina Cars India Ltd to set up a manufacturing unit at the State Industries Promotion Corporation of TamilNadu’s SEZ at Ranipet near here.
The company has been permitted to produce 25000 cars annually and commercial production of the five-seater vehicle was scheduled to commence from 2011, the release said.
Company promoter S Rajasekar on Friday received the order from Tamil Nadu Deputy Chief Minister M K Stalin, who test drove a prototype of the vehicle.
Tokyo – Nissan Motor Co and Europcar Groupe SA have agreed to form a partnership to sell and lease electric vehicles from 2010, the Japanese carmaker said Tuesday.
The two companies plan to market electric cars first in Europe, Australia and New Zealand, and then introduce them in other countries.
The partnership gives drivers “the option of exploring a new means of mobility by giving them the unique experience of using an electric vehicle in order to encourage them to become better eco-citizens,” Rafael Girona, chief operating officer of Europcar, said in a statement.
Nissan and its business partner, France’s Renault SA, also plan to introduce zero-emission vehicles in the United States and Japan starting in 2010, with the aim of leading zero-emission mobility in the industry.
They expect to start marketing electric vehicles worldwide in 2012. (dpa)
London, May 20 (ANI): British scientists have unveiled a revolutionary battery that runs on air.
By sucking in oxygen that reacts with carbon inside, the super-cell recharges itself.he invention will pave the way for a new generation of electric cars, inventors at Scotland’s University of St Andrews said, reports The Sun.
The battery uses technology called stair – St Andrews Air – that lasts ten times longer than conventional ones and is also lighter and cheaper.
Mini versions could power laptops, mobile phones and iPods.
Chemistry professor Peter Bruce, who’s leading the 1.5-million pound project to develop the battery, said: “The key is to use oxygen in the air as a re-agent, rather than carry the necessary chemicals around inside the battery.
“Our results so far have far exceeded our expectations.” (ANI)
Editor’s Note: This is a guest contribution by Richard Lowenthal, CEO of electric vehicle ChargePoint manufacturer Coulomb Technologies (ChargePoints pictured above in front of SF City Hall). This post is a followup to last week’s (and ongoing) discussion on EV Charging Infrastructure by Mayors Gavin Newsom and Sam Adams. UPDATE: Listen to Shai Agassi of competitor Better Place on Mayor Newsom’s radio show.
With all of the recent talk about who will become the EV capitol of the US, we would like to point out the obvious: without the necessary charging infrastructure, the cars won’t run.
But what about these charging stations? Won’t any old plug do? The answer is a resounding no. When the EV business becomes big—whether you are in San Francisco or Portland—you are going to need smart features that you can only get with networked charging stations. Those features include:
1. A billing system. This allows stations to be placed curbside, in apartment lots, in condominium lots, in workplace lots and in other places where you park your car for hours. Consider this: When your local ballpark determines it needs 200 spaces capable of charging Tesla Roadsters at full rate, they’re going to need 4 Megawatts of electricity. That will cost the ballpark $400 an hour. They’re not going to give it away.
2. Smart Grid integration. Our electric grid needs to move forward. Forward means the integration of networking into the grid. That allows the utility to charge vehicles when it has an abundance of energy, and especially clean energy. It also allows you to know how much energy you’re using for your car and when, and how much it costs you.
3. High availability. This means that the network, and therefore the utility, station owners, and drivers can find stations that are working and available before they drive there for a charge. And when a station is broken it will be fixed by the network, or service will be dispatched as soon as the problem occurs.
4. User friendly features. These include the ability to find any station worldwide and find out if which ones are available for a charge. Also, notification when your car is fully charged, when it’s overdue for a charge, and when someone unplugs your car and stops it from charging. You will also appreciate reporting features, like knowing how much greenhouse gas you’re saving.
5. Time-of-use rate charging. This allows you to charge your car automatically when it is most economical.
The bottom line for the successful deployment of EV will require smart charging stations, and in order to provide a financial base and a robust feature set, those stations must be based on a networked infrastructure.
Coulomb Technologies was founded in 2007 with the express mission to ensure that anyone who is considering the choice to buy an electric vehicle will have adequate access to fuel for the cars. Visit www.coulombtech.com to learn more about Coulomb’s infrastructure plans and where you can find a local charging station.
