Electric Car Stocks News Alert; Department of Energy releases Report, "One Million Electric Vehicles by 2015"

February 9, 2011 (www.investorideas.com renewable energy /green newswire) Investorideas.com a leader in cleantech investor research, reports on electric car stocks and battery stocks trading following a report released yesterday by the Department of Energy, One Million Electric Vehicles by 2015 . Headlines for yesterday's trading in the electric car stocks sector reflected the renewed investor interest.

While the stocks are trading down this morning from yesterday�s highs, the DOE�s bullish report has investors looking for the long term.
Sector Snapshot

• A123 Systems, Inc. (NasdaqGM: AONE) trading at $ 9.65, down 0.27 (2.72%) 12:22PM EST
• ENER1, Inc. (NASDAQ: HEV) trading at $ 3.83, down 0.1525 (3.83%) 12:21PM EST
• Ecotality, Inc. (NasdaqCM: ECTY) trading at $ 3.78 0.00 (0.00%), flat in morning trading
• EVCARCO (OTCBB: EVCA)) trading at $02, down 0.0040 (16.67%)
• Tesla Motors, Inc. (NASDAQ: TSLA) trading at $ 23.00, down 1.49 (6.08%) 12:24PM EST
• UQM Technologies, Inc. (NYSE Amex: UQM) trading at $ 3.64, down 0.03 (0.82%) 11:53AM EST
• Valence Technology, Inc. (NASDAQ:VLNC) trading at $ 1.47, down 0.05 (3.29%) 12:24PM EST
• ZENN MOTOR COMPANY INC. (CDNX: ZNN.V) trading at $ 1.80, down 0.03 (1.64%)

Market Snapshot

• Dow 12,215.74 -17.41 -0.14%
• Nasdaq 2,786.84 -10.21 -0.37%
• S&P 500 1,318.15 -6.42 -0.48%
• 10 Yr Bond (%) 3.7110% -0.0140
• Oil 86.68 -0.26 -0.30%
• Gold 1,365.20 -1.10 -0.08%

Company Snapshots
EVCARCO (OTCBB: EVCA) (www.evcarco.com) is an automotive retail group dedicated to deploying a franchised coast-to-coast network of environmentally friendly dealerships and vehicles.
UQM Technologies, Inc. (NYSE Amex: UQM)
UQM Technologies is a developer and manufacturer of power-dense, high-efficiency electric motors, generators and power electronic controllers for the automotive, aerospace, military and industrial markets. A major emphasis for UQM is developing products for the alternative-energy technologies sector, including propulsion systems for electric, hybrid electric, plug-in hybrid electric and fuel cell electric vehicles, under-the-hood power accessories and other vehicle auxiliaries. UQM headquarters, engineering, product development center and manufacturing operation are located in Longmont, Colorado.
Recent News
DOE Releases New Analysis Showing Significant Advances in Electric Vehicle Deployment
WASHINGTON - The U.S. Department of Energy today released One Million Electric Vehicles by 2015 (pdf - 220 kb), an analysis of advances in electric vehicle deployment and progress to date in meeting President Obama's goal of putting one million electric vehicles on the road by 2015. The analysis shows that while the goal is ambitious, it is also achievable based on steps already taken as part of the Recovery Act and additional policy initiatives proposed by President Obama -- including improvements to existing consumer tax credits, programs to help cities prepare for the growing demand for electric vehicles, and strong support for research and development to continue reducing the cost of electric vehicles.
"President Obama's goal of putting one million electric vehicles on the road by 2015 represents a key component of our strategy to dramatically reduce America's dependence on foreign oil and ensure that the U.S. leads the world in the growing electric vehicle manufacturing industry," said DOE Assistant Secretary for Policy and International Affairs David Sandalow. "This is a race America can win -- if we answer the President's call to out-innovate, out-build, and out-compete the rest of the world."
One Million Electric Vehicles by 2015 details DOE investments in electric vehicle infrastructure, research and development, and demonstration projects nationwide that are laying the groundwork for achieving the President's goal. These projects include support for nearly 50 manufacturing facilities and demonstration projects nationwide. These efforts are helping to reduce the costs of advanced batteries and electric vehicles and gathering real-world data for consumers and local communities that will inform future deployment efforts.
Full news: http://www.investorideas.com/news/2011/renewable-energy/02095.asp
Recent Headlines for Electric Car Stocks
Gas Vehicle Play Dips; Electric Car Stocks Rally
TheStreet.com - Eric Rosenbaum
NEW YORK (TheStreet) -- A marquee stock in the natural gas vehicle sector was weak late Tuesday, while lithium ion...
Green Stocks Central - Tate Dwinnell - ‎
It was a good day for US based electric car stocks today, particularly Tesla Motors (TSLA) which surged nearly 7% on news that Michigan Senator Debbie...
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