FORMER dotcom mogul and ministerial hopeful Evan Thornley has apologised to his enraged ALP colleagues but says he does not regret his sudden shift to the private sector, citing the immense potential of electric cars.
Source: The Australian
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The American people have a desire to get off foreign oil and no longer be held hostage to ridiculously volatile gas prices. In 2008 alone the electric car industry has seen massive innovation that, with proper funding and implementation, will lead to a new level of fortunes to be made with a fantastic side effect – clean cars and a strong economy.” [...] India should focus on producing cheap, efficient and small electric cars over the next five years. “This will boost energy conservation and help cut down carbon emissions,” said Ravi Kant, chief executive officer, Tata Motors SAIC Group is China’s largest automobile manufacturer in terms of sales. Yesterday’s deal on the EU’s 2020 renewable energy targets will result in a significant boost for electric car manufacturers and producers of so-called second generation biofuels after member states agreed to significant reforms to the controversial target requiring 10 per cent of transport fuels come from biofuels. Chongqing is planning to build a world-class base in research and development (R&D) as well as manufacturing hub for electric cars and parts. “All the drive train stuff here is done in Parker, Colorado, and I have several sold and I just signed a contract with a Canadian company for 58,000 vehicles for the next two years”, ST says. The Chinese market is set to get more home-grown alternative energy vehicles, with SAIC Motor joining the list of companies that plan to work on hybrid and electric cars in the country. According to Reuters, the automaker will form a joint venture with its state-owned parent, Shanghai Automotive Industry Corp., which will invest 2 billion yuan ($293 million) to develop the low-emission vehicles. [...] Local electric car maker CT&T said yesterday that they have made their biggest deal to date, with police departments in San Diego and other cities to buy 4,000 of their four-wheel drive E-zone vehicles for around $50 million. Norwegian car manufacturer Think has begun to sell its first car, the City. The City, a compact vehicle made for urban customers, can go 180 kilometers (112 miles) on a charge and hit a top speed of 100 kilometers an hour (62.5 miles per hour). Buyers can also choose between a sodium- or lithium-ion battery pack. [...] The Governor met with car and auto parts manufacturers in Japan and China. He signed a deal that gives the state first crack at buying Nissan’s electric vehicles when they hit the market, in about two years. Powered by an advanced lithium-ion battery, the Mitsubishi i MiEV will be the first of the new generation of lithium-ion-powered electric vehicles to be developed by a major automobile manufacturer that will be available to the public. Aiming to save fuel and advance alternative-energy plans, the Army, Navy and Air Force intend to buy thousands of battery-powered, 35-mile-an-hour electric cars and light trucks to provide on-base transport, senior Army officials said. Nissan is bringing the first of their electric cars to market by 2010 in many locations around the United States. According to Alan Buddendeck, Nissan’s VP for North American Corporate Communications, this car will be priced between $22-$25K and have at least a range of 100 miles. LOS ANGELES (Reuters) – Many of the world’s biggest automakers on Wednesday detailed ambitious electric-car plans that promise zero emissions but will demand patience from consumers and subsidies from governments to succeed. Carlos Ghosn, chief executive of both Nissan Motor Co. (NSANY) and Renault SA (13190.FR), unveiled the electric-car target as one of several energy priorities identified by a task force of CEOs at The Wall Street Journal CEO Council Tuesday in Washington. Companies like Aptera, Hybrid Technologies, Phoenix Motor Cars, Venture Vehicles, Fisker, and even BMW, Nissan, Saturn, and Toyota have all proven to us that they know what consumers want and need, and that they will build those vehicles for us. Gov. Ted Kulongoski will meet with auto executives in Japan and China next week armed with a proposal that could make it easier for Oregon consumers to buy an electric car. Renault has begun planning a range of electric cars will include a bespoke small car that’s bigger than a Twingo, a battery powered version of the Kangoo and a Megane-based saloon. While the financial turmoil has put a damper on some electric car companies’ plans, Mississauga, Ontario-based Electrovaya, which makes battery systems for hybrid and electric vehicles, has been making some notable moves lately. The company said yesterday it had signed three deals with vehicle and equipment manufacturers in China, including Chana International, Shifeng Group and Lange Electric Equipment. These contracts could bring some of the first Chinese electric vehicles to the North American market. [...] BEIJING, Oct 29 (Reuters) – China should push electric cars to curb its dependence on imported oil and foreign automobile technology, although they offer smaller cuts in carbon emissions than alternatives like hybrids, McKinsey and Company said. General Electric is stepping up its investment in developing new battery technologies for autos as it looks to increase its role in electrifying cars—a key strategy to boost fuel efficiency and reduce carbon dioxide emissions. In the first meeting of its kind, industry experts and government officials will be in London to discuss how to kick start the mass market production of low carbon and electric vehicles. GE 18.96, -1.39, -6.8%) is recharging the electrification of transportation by making its sixth equity investment in lithium-ion battery manufacturer A123Systems. GE invested $30 million in A123′s $102 million Series E financing, making it the battery manufacturer’s largest single cash investor — at 9 percent ownership. The investments were made by GE Commercial Finance – Equity and GE Energy Financial Services, bringing GE’s combined total investment in A123Systems to $55 million. [...] Paris – Renault and Nissan are planning to mass produce electric-drive cars for the French market by 2011 with the car maker signing a memorandum of understanding with the electricity producer EDF to develop supporting battery recharging infra-structure. Until January 2010, the partners will study all the necessary technical and other requirements to supply “high-performance and affordable electric vehicles” by 2011,Renault CEO Carlos Ghosn announced. [...] The Mini E’s electric motor generates 204 hp. BMW says the car has a range of up to 150 miles. Top speed is 95 mph, but driving that fast cuts the range. A new electric city car is zooming towards a European launch next year, thanks to a partnership announced yesterday between Norwegian and Indian firms. The four-seater Indica EV will go to war with the likes of the G-Wiz, Mega City and Smart Ed and hopes to win on better performance. In a high-level CEO forum during the fair in Shenzhen city, southern China, Mr. Wang Chuanfu said the battery-powered all-electric car to come next year can run 400 km at one charge. Professor Aleksander Samarin from the Faculty of Engineering and Information Technology believes Sydney’s traffic congestion, pollution and public transport woes could be solved by a private urban transport system (PUTS) comprised of electric cars. |
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