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USA: California leads venture funding for electric vehicle technology

California is fast becoming a global center for electric-vehicle innovation and jobs.

Businesses in the state collected $467 million in electric vehicle venture capital investment during the first half of this year, or 69% of the global total, according to a study by Next 10, a nonprofit founded by Silicon Valley venture capitalist F. Noel Perry.

California also is now tied with Michigan, the traditional center of the U.S. auto industry, in the number of patents filed for electric vehicle technology. Both states generated 300 patents for electric vehicle technology from 2008 to 2010.

Globally, California trails only Japan and South Korea in electric vehicle patents and leads other nations, including Germany, Taiwan and France, Perry said.

Employment also is taking off. Tesla Motors has hired 300 workers in California so far this year, bringing its national workforce to about 1,400. It plans to double its employment next year, with most of the jobs coming to an auto factory in Fremont that it is refurbishing to launch production of its Model S electric sedan in 2012.

“We have a huge hiring plan for next year,” said Arnnon Geshuri, Tesla’s vice president of human resources.


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