According to Plunkett Research, there were over 800 million automobiles on the road in 2007, with over 600 million of those being passenger vehicles. In recent years this number has steadily increased, due in large part to massive growth in China and India. While overall car sales both in the United States and abroad have fallen off in the last few years due to the economic recession, every year the aggregate number of cars on the road increases. The environmental impact is staggering-air pollution, degradation of plant and animal habitat, and even global climate change constitute the potential impact of internal combustion vehicle emissions. Given that along with the turbulent geopolitical climate, the ever rising price of petroleaum, and a growing outcry for energy independence, the demand for green cars grow exponentially. For those seeking a green car, the Green Automotive Company ("GREEN" or "GAC") proudly offers the first all-electric SUV distributed in North America - the 2011 Zotye AE SUV.
More and more consumers elect to purchase hybrid or all-electric vehicles ("EV" vehicles) for an increasingly variety of reasons. For example, the recent economic downturn forced many people in all different walks of life to reassess how they spend their money. The price of oil and petroleam increased significantly, and in turn so has the number of consumers who seek more energy efficient vehicles. The cost of operating an EV vehicle is a tiny fraction of that of a regular automobile. The changing tides of vehicle choices causes investment guru Warren Buffet to proclaim that he believes AE cars will be the only type of cars sold within 30 years from the present.
The United States, like many other developed nations, depends on and consumes a massive amount of oil. In the U.S. effort to become "green," politics have all but eliminated the exploration and utilization of U.S. domestic oil resources (e.g., oil shale, Northern Alaskan oil fields). This naturally causes a heavy dependence on foreign oil, most of which comes from the Middle East. Given the instability of the geopolitical climate, the aversion to exploiting domestic oil resources, as well the previously mentioned environmental hazards, the Obama Administration recently set forth the policy goal that by the year 2015 two million all-electric vehicles will rides the roads and highways of the United States.
GREEN will manufacture and import Zotye all-electric vehicles (including the 2011 Zotye AE SUV - the first all-electric SUV) in North America. Whether you are exploring green cars as an investment opportunity or for your own personal use, Zotye from GREEN is a terrific option. The 2011 Zotye AE SUV offers the U.S. and Candanian consumer a well-priced, rugged, and highly economical vehicle choice that will allow all-electric vehicles to handle conditions on road, off road, in the rain, and in the snow.
Cali subsidiary Newport Coachworks was one of the major exhibitors at last week's LCT Show, one of the largest shuttle and charter events, where the company presented its shuttle bus range on a 2500 sq. ft. exhibition space. Newport Coachwork's display of innovative and high quality shuttle and limo buses saw over 450 bus operators visit their stand from the US, Canada, France, and a number of other regions: During the show, the company took orders for over $1.6 Mil.
The selling "star" was the Patriot, 19 to 23 seat shuttle bus, with 9 buses sold. 3 customers chose the biggest model, the Freedom 45, for its beautiful exterior design and finish. The up-market Limo bus with its fancy interior seduced 2 companies, for a total of 14 sales at the show!
Green Automotive Company Signs Binding Agreement to Acquire Blackhawk Manufacturing Inc. at the LCT Show in Las Vegas
Green Automotive Company (OTCQB: GACR), today announced that its UK subsidiary LIBERTY ELECTRIC CARS (www.liberty-ecars.com) has launched its widely acclaimed program for the support of all types of electric vehicles known as Liberty E-Care in France.
RIVERSIDE, Calif.--(BUSINESS WIRE)--February 04, 2014-- Green Automotive Company (OTCQB: GACR) announced last week the launch of its all American built 100% electric shuttle bus, the e-Patriot, at the upcoming February 16-18th International LCT Show at the MGM Grand Hotel & Casino in Las Vegas (www.lctshow.com), one of the largest shuttle and charter events. The company has already received several enquiries from local authorities and businesses as the e-Patriot can offer a very cost effective transport solution in a variety of markets.