Friday, November 21, 2008

Driving Green; Electric Cars on the Rise at LA Auto Show – Oil Prices Might Be Down But Need to Reduce CO2 Emissions Still Driving Force

Driving Green; Electric Cars on the Rise at LA Auto Show – Oil Prices Might Be Down But Need to Reduce CO2 Emissions Still Driving Force

November 21, 2008 - Point Roberts, and its green investor portal announce the most recent Podcast of Driving Green, discussing some of the new electric and green cars featured at the LA Auto show.

As oil and gas prices drop in the short term, the driving force behind electric cars has not diminished. Environmental impact, global warming and CO2 emissions are still concerns for consumers, industry and government. The new Obama administration has pledged to make fuel efficient cars part of their mandate. Just this week, a group of leaders called for 10% of cars to be electric by 2020, increasing to 50% by 2030 to reduce greenhouse gas emissions.

To listen to the Podcast: click here:

Podcast Transcript:

This is Driving Green at

The Los Angeles auto show showcased the future of electric cars with some new and old players in the game .Nissan Motor Co., Ltd., announced a new electric-vehicle partnership with the state of Oregon, based on Nissan’s commitment to begin offering pure electric cars in 2010 in the United States and Japan.

Carlos Ghosn, president and CEO said “We see in Oregon the vision that is evident in all the places that are eager for sustainable mobility," said Mr. Ghosn. "Demonstrating their care for the environment, the state and its partners are creating the conditions that will promote zero-emission vehicles as an attractive choice for consumers."

He also announced plans to have 10 per cent of his cars with battery electric drivelines by 2010.

BMW also showcased their new line of electric minis. The company has built 500 minis that will be leased to select customers in LA and New York prior to a larger release.

Chrysler also displayed three advanced production-intent electric vehicle prototype vehicles where they will be making their worldwide auto show debut. Chrysler's Electric Vehicles utilize three primary components- an electric motor to drive the wheels, an advanced lithium-ion battery system to power the electric-drive motor, and a controller that manages energy flow. The electric-drive system is being developed for front-wheel-drive, rear-wheel-drive, and body-on-frame four-wheel-drive vehicle applications.

Surprisingly the green car of the year at the LA auto show was not electric or hybrid – it was Volkswagen's new Jetta TDI- a sporty diesel-powered sedan. The Jetta came in ahead of the Ford Fusion gasoline-electric hybrid and the Saturn Vue hybrid.

So with the US auto industry in a state of fear and uncertainty, it is clear that from Obama’s plan for a more fuel efficient auto industry to the LA auto show winners – green is still the color of money for the future .

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OriginOil, Inc. (OTCBB: OOIL) is developing a breakthrough technology that will transform algae, the most promising source of renewable oil, into a true competitor to petroleum.

Carbon Sciences, Inc. (OTCBB:CABN) is developing a breakthrough technology to transform carbon dioxide (CO2) emissions into the basic fuel building blocks required to produce gasoline, diesel fuel, jet fuel and other portable fuels.

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