Electric Car Blogging

Toyota has announced that it will be introducing a Compressed Natural Gas (CNG) Camry Hybrid concept car at the Los Angeles International Auto show this November.

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JD Power and Associates got its start many years ago by talking to consumers about automobile quality, but the company has branched out considerably since then. Its latest study, issued yesterday by the Web Intelligence Division, looks at the blogosphere to determine how car brands are perceived for their environmental sustainability.

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The Environmental Protection Agency has released a report which sites an overall improvement in new car fuel efficiency from 20.6 miles per gallon in 2007 to a projected 20.8 miles per gallon for 2008 – a jump of .2 miles per gallon. A small step in the right direction.

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CAMBRIDGE, Mass.–Promethean Power Systems, a start-up developing solar-powered refrigerators for India, has raised a round of angel funding from the Quercus Trust.

The funding, finalized Thursday, will allow the company to build another prototype which it hopes to test in India next year, according to company CEO Sorin Gramma.
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CAMBRIDGE, Mass.–It’s fashionable these days to ponder whether there’s an investment bubble in clean tech. But I believe this discussion obscures a bigger problem for the clean-tech crowd: not enough money.

A panel of venture capitalists at the Technology Review EmTech 2008 conference on Thursday took the bubble question head on. The response from investors tends to be nuanced: no, there isn’t a bubble, but there are some silly company ideas getting funded.

Before I delve into the details of the bubble debate, let me say that focusing on venture capital deals is a myopic view of the market that could ultimately give the “clean-tech revolution” a bigger black eye than just a few failed start-ups.

Clean-, or green-tech, venture capitalists will tell you times have never been better if you judge by the number of business plan proposals crossing their desks and their ability to raise funds. Many an entrepreneur and investor sees energy and environment as a ripe area for technology innovation.

What worries me is whether the hundreds of newly formed energy tech companies will have enough capital to actually succeed–and change the world as they all set out to do.

Insiders have been fretting about the dreaded funding gap, or “Valley of Death,” for years. It’s the stage a company must cross to take its technology to commercial scale, such as building a manufacturing plant. In energy-related businesses, it usually take lots of money.

Now the financial crisis could actually make that gap tougher to bridge, given the difficulty in the public markets and the projected cost of an anticipated Wall Street bail-out plan.

Spending hundreds of millions of dollars for say, a solar manufacturing facility, is outside the range of most VC funds. To some extent, project finance can fill in the gap, said CMEA Ventures investor James Kim.

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Here’s a sampling of green-tech news with a quick commentary:

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CAMBRIDGE, Mass.–Tesla Motors has received many accolades for producing an all-electric luxury sports car. But its long-term plans may hold its most challenging task: making a mass-market electric car.

The company intends to make a “family car” that it hopes will lead to the sale of millions of all-electric …

CAMBRIDGE, Mass.–The route to a less polluting car looks more like a multipoint intersection than a single superhighway, a panel of experts said on Wednesday.

The auto and fuels industries are in the midst of dramatic technological change, but it’s still not clear how quickly which new technologies will be adopted.

Also unknown is whether consumers are willing to switch from traditional car ownership to the “transportation as a service” model where people share a fleet of clean cars dispersed around a city.

The EmTech 2008 conference, held at the Massachusetts Institute of Technology, put together a panel to discuss green transportation with Tesla Motors Chief Technology Officer JB Straubel, BP chief scientist Steven Koonin, and Ryan Chin, a student at the MIT Media Lab involved in the City Car and RoboScooter projects.

All of them agreed that there’s a need to shift from today’s fossil fuel-based transportation industry because of concerns over energy security and climate change. But it’s unlikely that one single technology will displace the gas-powered internal combustion engine.

“You have to ask whether change will be revolutionary or evolutionary. If I had to bet, I’d say it will be evolutionary,” said BP chief scientist Steven Koonin. “The most likely scenario is a plug-in hybrid with a very efficient engine powered by biofuels–with plausible technologies.”

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