Clean Fleet Reporthybrid & electric cars smart charged with renewable energy
A123 and Chrysler – Sprint or Marathon?
The equity markets love the public offering of A123 (AONE). On the first day after being introduced to the market at $16.5 per share, 3 points above the IPO offering, the stock traded over 41 million shares that day to a high of over 20. It is now hovering in the mid 20s and still [...]
$2.4 Billion Accelerates 48 EV and Charging Projects
President Obama announced 48 new advanced battery and electric drive projects that will receive $2.4 billion in funding under the American Recovery and Reinvestment Act. These projects, selected through a highly competitive process by the Department of Energy, will accelerate the development of U.S. manufacturing capacity for batteries and electric drive components as well as the deployment of electric drive vehicles, helping to establish American leadership in creating the next generation of advanced vehicles.
President Obama Announces $2.4 Billion for EVs and Battery Development
President Barack Obama announced the availability of $2.4 billion in funding to put American ingenuity and America’s manufacturers to work producing next generation Plug-in Hybrid Electric Vehicles and the advanced battery components that will make these vehicles run.
Smart Grids and Electric Vehicles
Several early models of passenger vehicles have enough energy stored in advanced batteries to power several homes for hours. Hybrid electric buses and heavy trucks could power many homes or a school or a hospital in an emergency. Recent announcements demonstrate that electric utilities and some auto makers want to make V2G a reality. The Smart Grid Consortium, established in December 2007 by Xcel Energy, will select a community of approximately 100,000 residents to become a Smart Grid City using V2G. The Renault-Nissan Alliance and Project Better Place have signed a MOU to create a mass-market for electric vehicles in Israel.
Toyota Lithium Battery Delays and Advancements
Toyota Prius enthusiasts may now be forced to wait until 2011 to order a Prius with lithium batteries. It was hoped that the shift to these batteries would give hybrids better miles per gallon and accelerate the availability of a plug-in hybrid sold and warrantied by a major auto maker. Toyota (TM) did provide significant encouragement with the announcement that it is demonstrating ten plug-in hybrids (PHEV) and plans to follow with commercial sales. The new Toyota with its NiMH battery pack and has an all-electric range of only 13 kilometers (8 miles) and a maximum speed of only 100 km/h (62 mph) in electric-only mode. GM may beat Toyota to the PHEV market. Independents like A123 will be there first.
