SwampFox

A huge global opportunity that we are well positioned to seize.

Submitted by: John Warner on Sep 26, 2010 at 1:11 pm Tagged with: Automotive, Innovation Source: InnoVenture

In Sunday's New York Times op-ed, Tom Friedmon wrote about "the next industrial growth engine: electric cars."

The electric car industry is pivotal for three reasons, argues Shai Agassi, the C.E.O. of Better Place, a global electric car company that next year will begin operating national electric car networks in Israel and Denmark. First, the auto industry was the foundation for America’s manufacturing middle class. Second, the country that replaces gasoline-powered vehicles with electric-powered vehicles — in an age of steadily rising oil prices and steadily falling battery prices — will have a huge cost advantage and independence from imported oil. Third, electric cars are full of power electronics and software. “Think of the applications industry that will be spun out from electric cars,” says Agassi. It will be the iPhone on steroids.

Last week, CU-ICAR students unveiled their first Deep Orange car, a range-extended electric vehicle.

This is a huge opportunity for us that we are well positioned to seize. If you'd like to discuss how you can get engaged, contact me at JohnWarner@InnoVentureSoutheast.com