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New Fuel Standards Could Greatly Benefit ECOtality, INC

When President Barack Obama stated in July of 2011 that his goal by the year 2025 was to have minimum fuel economy standards for vehicles around 54.5 miles per gallon, motorists everywhere took note.  With most cars achieving around half this, the number would certainly be promising.  But the only way to really achieve this is to make furthering improvements to current hybrid and electric vehicles.  While there are some newer EVs coming onto the market, a lack of charging stations coupled with range anxiety leaves many fearful to purchase them.  As leaders in the EV project, these new standards and the likely push towards more EVs certainly help benefit companies like ECOtality, Inc.

ECOtality, Inc is a company devoted to helping to pull America off of the traditional fossil fuel burning grid in a number of ways.  One way they are doing this is by starting and partially funding the EV Project.  With help from the US Department of Energy, which is funding half of the EV Project, the goal is to help put numerous electric vehicle charging stations into place in six different states.  Many of these stations are already in place, and in total, ECOtality, Inc intends to install a total of 14,000 electric charging stations.  This would certainly help to greatly reduce range anxiety, and with areas such as the Phoenix greater metropolitan area being outfitted with some 920 stations, competition, especially in the early days of EVs, is not going to be a significant problem.

ECOtality Inc EV Charging Station

While this program is certainly going to benefit current EV owners, the benefits go much deeper.  This push for greater fuel economy will continue to push engineers and manufacturers to create better and more efficient EVs.  This in turn will increase demands for charging stations like those created by ECOtality, Inc.

The benefits are already becoming apparent, and with vehicles like the Tesla Model S coming soon that are capable of charging in around 45 minutes and offering a range of 350 miles, the future of EVs has likely never looked better.  While many think that the push for greater fuel economy will benefit only the environment or only the makers of these cars, the truth is that there is a ripple effect to the entire economy in terms of job creation and eventually, reduced gas prices on the end of the consumer who, in a few decades, may be able to drive a car that has no need for gas at all.

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EVCARCO, Inc. (OTCBB: EVCA) (OTCQB: EVCA) is a Future Driven® Automotive Retail Group focused on deploying a coast-to-coast network of environmentally friendly franchised dealerships, vehicles, technologies and sustainable solutions. EVCARCO is bringing to market the most advanced clean technologies available in plug-in electric, alternative fuel, and pre-owned hybrid vehicles from multiple manufacturers.

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