Smith Electric Vehicles (SMTH)

[Joz]

Has Obama fired the starting gun for a Smith ipo in yesterday's speech? Smith can now boast that their ipo offers American investors the chance to take part in that americanisation plan:



"..During the State of the Union Address, the President laid out a blueprint for a new era of American energy – an economy fueled by homegrown and alternative energy sources that will be designed in America and produced by American workers.."


"...The White House also announced a new "EV Everywhere" plan, which the White House described as, "a clean energy grand challenge to make electric-powered vehicles as affordable and convenient as gasoline-powered vehicles for the average American family within a decade." The White House says driving electric will save the average driver $100 a month, which will be much more valuable when the upfront cost of an EV drops and more people can afford one. To this end, EV Everywhere "will invest in breakthrough R&D for advanced batteries, electric drivetrain technologies, lightweight vehicle structures, and fast charging technology."

"...Accelerating deployment of alternative-fuel trucks: The President is proposing a new tax incentive for commercial trucks that provides a credit for 50% of the incremental cost of a dedicated alternative-fuel truck, including trucks powered by natural gas or electricity, for a five-year period..."


http://www.green.autoblog.com/2012/03/07/white-house-annouces-4-7b-effort-for-advanced-technology-vehicl/