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US DOE progress report says 1M plug-ins by 2015 ambitious but achievable; not likely to be constrained by production capacity

Green Car Congress

Production capacity must be established, and technology, vehicle cost and infrastructure barriers must be addressed to achieve large-scale market introduction. This report provides a progress update toward achieving the goal: The status of vehicle sales and future production volume estimates. Production capacity. Think City EV.

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THINK Releases US EV-Ready Cities Index

Green Car Congress

The index was compiled for THINK by ASG Renaissance, a market research and business services firm located in Dearborn, Mich. The US EV-ready index mirrors one THINK developed for targeting markets in Europe, which recognized Oslo, Copenhagen and Amsterdam as the top-three markets. with US production slated to begin early next year.

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THINK Completes $40M Equity Round; Ener1 Chairman and CEO Becomes Chairman of THINK

Green Car Congress

Electric car maker THINK has completed a US$40 million equity increase to support further product development and planned expansion into North American markets. With the new equity, THINK says it is now fully funded and expects to become cash-flow positive in 2011. This is a seminal event for THINK.

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Norwegian Investors Rally to Revived Think Electric Car

Plugs and Cars

The Aftenposten reports (in English) on the success Jan Olaf Willums is having at the helm of the revived Think Global. Many of Norway's tycoons and heirs are making significant investments in the company which is planning production of as many as 10,000 cars by 2009.

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President Obama Awards $2.3B for Tax Credits for New Clean-Tech Manufacturing Jobs; GE Gets Largest Battery-related Award

Green Car Congress

GE has already invested more than $150 million in developing battery technologies, and the tax credit will supplement GE’s investments in the new product line that will serve the rail, marine, mining, telecommunications and utility sectors. The resulting product will aid domestic battery manufacturing for electric vehicles.

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Ener1 to Take 31% Stake in EV Maker Think Global; Think City Production Moves to Valmet in Finland

Green Car Congress

Finland-based Valmet Automotive, which signed a letter of intent under which Valmet Automotive will be a production and engineering partner for the Think City electric vehicle, will also become a minor shareholder in Think. The car already has a sales network in Europe and is ready for mass production.

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Lotus and Harmon partner up to add sound to hybrids

Tony Karrer Delicious EVdriven

This is especially important for electric and hybrid vehicles which can be difficult to hear at lower speeds due to their drive mechanism. Working systems are ready for production implementation and manufacture. When applied externally, Electronic Sound Synthesis, provides engine sound for hybrid or electric vehicles.

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