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PHEV conversion company Echo Automotive completes $3M financing, joins CALSTART

Green Car Congress

Echo Automotive, Inc., a developer of technologies enabling the conversion of existing fleet vehicles into plug-in hybrid electric vehicles, completed a $3-million financing with United Fleet Financing, LLC, through a private placement offering and mezzanine financing. Each unit consists of one share of the common stock at $0.55

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What's it gonna take?

Plugs and Cars

Sales of plug-in cars are steady, but not overwhelming. Bright Automotive went under. Gas prices are at historically high levels, and have become a political football, but haven’t led to a surge in EV purchases. That means the cars on offer have to be purchased as quickly as they are produced. Aptera went under.

Karma 100
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Electrification Coalition Roadmap Calls for 75% of Light-Duty Vehicle Miles Traveled in the US to Be Electric by 2040

Green Car Congress

Achieving this will require a minimum of 25% of new light-duty vehicles purchased in the US to be grid-enabled vehicles (GEV) by 2020. This is defined as the point at which grid-enabled vehicles represent 25 percent of new LDV purchases. Establish loan guarantees for retooling automotive assembly lines. Click to enlarge.

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A 100 m.p.g. truck? A Bright IDEA | Freep.com | Detroit Free Press

Tony Karrer Delicious EVdriven

WEBSTER • FREE PRESS AUTOMOTIVE EDITOR• April 21, 2009 Print this page E-mail this article Share this article Del.icio.us Facebook Digg Reddit Newsvine More evidence that we are approaching an exciting new frontier in the automotive industry will be on display today on Capitol Hill. The 100 m.p.g. Right Now can be seen here.

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