A growing contingent of electric and hybrid vehicle supporters are vouching for the style and simplicity of Toyota’s Prius, one of the most popular and well-loved models on the market. Fans of the Prius have been anxiously awaiting the release of a plug-in model for the vehicle, which is expected to be available to the public in 2012. This January, at the North American International Auto Show, Toyota announced that it would release five hundred … Read the rest
Tag Archives: electric car
2010 Chevy Volt Test Fleet Coming June 1st?
The 2010 Chevy Volt continues to make progress on its targeted production date of November 2010. According to the blog www.gm-volt.com (which is no way affiliated with GM), the Volt’s lead engineer Andrew Farah has a countdown clock in his office revealing that on June 1st the assembly of the first Volt will take place. Apparently they will be built at a rate of about 10 per week until a fleet of 80 is achieved … Read the rest
Ener1 (HEV) Reports Revenue Surge, But Continues Earnings Losses
Ener1 (HEV), the developer of lithium ion technology for electric cars, reported a 4th quarter revenue surge but the development stage company continues to rack up losses on the earnings side of the coin. The company reported record quarterly revenue of $6.3 million but lost .12/share in the quarter due to an increase in R&D and admin costs.
The company finished 08 with $14 million in cash along with a $30 million loan facility to … Read the rest
Ener1 (HEV) Applies For $480 Million Federal Loan
Ener1 (HEV) has applied for a $480 million low interest loan from the government as a part of a federal program called the Advanced Technology Vehicle Manufacturing Incentive Program to spur the development of the next generation of electric vehicles. The $25 billion program, administered by the Dept of Energy will be used to aid auto companies in the retooling of their manufacturing facilities to improve auto efficiencies.
If the funds are granted, it will … Read the rest