Categories

A sample text widget

Etiam pulvinar consectetur dolor sed malesuada. Ut convallis euismod dolor nec pretium. Nunc ut tristique massa.

Nam sodales mi vitae dolor ullamcorper et vulputate enim accumsan. Morbi orci magna, tincidunt vitae molestie nec, molestie at mi. Nulla nulla lorem, suscipit in posuere in, interdum non magna.

USA: Car Charging Group Applauds New California Auto-Emission Standards

Mandates 1.4 Million Electric and Hybrid Vehicles on CA Roads by 2025

MIAMI BEACH, Fla., Jan 31, 2012 (GlobeNewswire via COMTEX) — Car Charging Group, Inc. /quotes/zigman/4181752 CCGI +0.66% , a nationwide provider of convenient electric vehicle (EV) charging services for drivers wherever they live, work and play, today praised the California Air Resources Board for passing sweeping auto-emission standards on Friday. The new rules require that one in seven new cars sold in the state in 2025 be an electric or other zero-emission vehicle and mandates a 75% reduction in smog-forming pollutants and a 34% reduction in greenhouse-gas emissions.

“California regulators should be praised for passing such groundbreaking auto-emission standards,” said Michael D. Farkas, Chief Executive Officer of Car Charging Group, Inc. “The state has long been a champion of the environment and these new standards build upon that commitment, encouraging consumers to purchase environmentally friendly EVs. We hope other states follow in California’s footsteps as the nation transitions to cleaner and more efficient means of transportation.”

About Car Charging Group, Inc.:

Car Charging Group, Inc. /quotes/zigman/4181752 CCGI +0.66% , headquartered in Miami, Florida, is the pioneer and one of the nation’s fastest growing providers of EV charging services. CCGI is building a nationwide EV service, enabling all types of EV to charge anytime, anywhere throughout North America and ultimately in many high growth global markets. CCGI has more than 30 strategic partnerships with municipalities, shopping malls, parking garages, multi-family residential and commercial properties totaling more than six (6) million parking spaces with all partner locations expected to have high numbers of EVs at their locations. CCGI provides a comprehensive turnkey solution for all property owners where we install and maintain the entire infrastructure. Our partners benefit by sharing in the revenue generated from the EV charging service while enhancing green initiatives throughout their business operations. More than one million plug-in electric vehicles, such as the Nissan LEAF, GM Chevrolet Volt, Fisker Karma, Tesla Model S, Ford Focus EV as well as many others, are expected to be on the road in the U.S. by 2015 with estimates calling for more than 40 million on the road worldwide in 2030. For more information about Car Charging Group, Inc., please visit www.CarCharging.com .

Forward-Looking Safe Harbor Statement:

This press release contains statements, which may constitute “forward-looking statements” within the meaning of the Securities Act of 1933 and the Securities Exchange Act of 1934, as amended by the Private Securities Litigation Reform Act. The Private Securities Litigation Reform Act of 1995 (PSLRA) implemented several significant substantive changes affecting certain cases brought under the federal securities laws, including changes related to pleading, discovery, liability, class representation and awards fees and of 1995. Those statements include statements regarding the intent, belief or current expectations of Car Charging Group, Inc., and members of its management as well as the assumptions on which such statements are based. Prospective investors are cautioned that any such forward-looking statements are not guarantees of future performance and involve risks and uncertainties, and that actual results may differ materially from those contemplated by such forward-looking statements. The Company undertakes no obligation to update or revise forward-looking statements to reflect changed.

This news release was distributed by GlobeNewswire, www.globenewswire.com

SOURCE: Car Charging Group, Inc.

CONTACT: Investor Relations and Media Contact:
For Car Charging Group, Inc.
Kevin S. Inda
Corporate Communications, Inc. (CCI)
kevin.inda@cci-ir.com
407-566-1180
Source marketwatch.com

Share

Leave a Reply