Green Automotive Company Corporation (GACR)

[michaeldesanta]

EV Sales Up 21.8% and Outselling Hybrids

Electric vehicle (EV) sales have been ratcheting up the heat on its inbred hybrid competition. While hybrids are down -15.9% year over year, EV sales have increased on average 21.8% year over year and are set to become the dominant clean energy vehicles and have gained wide consumer acceptance, according to a recent cars.com publication.

"I was just driving and then suddenly, it was there," says Tommy Pickles, a wannabe import racer driving a motley Nissan Sentra SE-R jalopy pieced together from several wrecked Sentras that he occasionally street races with. "I never heard it coming. It was deadly quiet, I tell you. And when the light turned green, it was gone. I want one!"

Unfortunately, Tommy Pickles will have to wait until he can afford to buy one, as his job at the mall doesn't afford him such luxuries. According to an article published today by Experian Automotive, EV buyers are typically younger and wealthier than hybrid buyers, with a typical household income of $175,000. While EV sales have enjoyed a 245% growth in 2013, hybrid cars still dominate at a whopping 98% of the clean energy vehicles on the road. However, the data shows that this margin is quickly shrinking as EV costs come down and the Tommy Pickles of the world grow up and get higher paying jobs.

What does this mean to the Green Automotive Company (OTCQB:GACR)? Well, a number of lean years as a pioneer in the early Liberty Electric Cars days, the addition of the Modec engineering team, and the acquisition of Newport Coachworks, Inc., Blackhawk Manufacturing, Inc. and its pending acquisition of Transhock Ltd. has led up to where GAC is now: growing real revenues, adding real jobs, and selling real products. This places GAC in a leadership position within the back to base, business transportation sector. This is a niche market not yet penetrated by the large automakers, nor will it be, as the economies of scale do not exist here. This is due to the specialty needs of customers requiring highly customized offerings and innovative designs. The typical cookie cutter vehicle doesn't cut it here.

While GAC may sit out the rise of the consumer EV market, GAC is building a leadership role in the business EV sector and will be in a position in the future to change directions and enter new markets, including consumer EVs, should it choose to. In any case, GACR stock is positioned to appreciate along with its rise.

SOURCE1: http://www.prnewswire.com/news-releases/infrastructure-not-in-place-for-mass-adoption-of-electric-vehicles-256154911.html
SOURCE2: http://press.experian.com/United-States/Press-Release/experian-automotive-consumers-purchasing-an-electric-vehicle-are-younger-and-more-affluent.aspx

NOTE: GACR refers to the stock, while GAC refers to the company.