Why start a company for charging stations, when there aren many electric cars out there?
We came into existence because every automaker is planning on a electric car. They’re coming in the next 1-3 years, yet look at Chevy Volt, the prototypical electric. The idea is that you plug it in the garage at night. The first 40 miles is all electric, then the rest is gas. The average American goes 29 miles, so that’s great as it gets us off fuels, but there’s 247 million cars, but only 50 million garages. There was a plug in hybrid study at UC Davis, and it found people want to charge twice a day. When they’re sleeping and when they’re working. We build charging stations for people that live in apartments and condos, also. In San Francisco, the primary model is replacement of a parking meter. You put in our product, so the people in San Francisco who park curbside have a place to charge their car. In San Jose, it’s different, they asked us to develop product that mounts on light poles, and we have a few different locations for those. Obama says we’ll have 1 million electric cars b
