OBAMA BACKS SMITH ELECTRIC WITH $10M
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| The recently delivered Staples Newton |
Smith Electric Vehicles US Corporation Wins Federal Funding for Electric Vehicle Demonstrator Fleet.
- Department of Energy Awards $10m to Smith Electric Vehicles US Corporation
- Grant will subsidise private sector procurement for up to 100 electric vehicles
- Includes first fleet of Ford Transit Connect BEV electric light vans
- Vehicles to be deployed with major corporations for nationwide demonstration programme
- Grant will also fund workforce training and purchase of equipment for US assembly facility
Smith Electric Vehicles US Corporation (SEV US Corp) has won Federal Government funding to accelerate development and deployment of its commercial electric vehicles.
The Department of Energy (DoE) is awarding SEV US Corp $10m, which will subsidise private sector procurement of a fleet of up to 100 commercial electric vehicles for a nationwide demonstration programme.
This fleet will include the Smith Newton electric truck and the first Ford Transit Connect BEV electric light vans to be built in North America.
Darren Kell, CEO of The Tanfield Group Plc, which owns 49% of SEV US Corp, said: "Right now, corporate America has tens of thousands of urban commercial vehicles in operation that could be immediately replaced with our electric vehicle technology.
"This Federal funding incentivises the purchase of seed vehicles for major fleet operators, thereby accelerating the switch from trial phase to volume orders.
"The programme will also allow us to deliver America's first fleet of electric light vans, produced in collaboration with Ford.
"Government initiatives such as this one and those recently announced in the UK will help to drive volume and ultimately lower the cost of our vehicles."
SEV US Corp plans to deliver the first vehicles under this programme in the final quarter of 2009, with the balance to be delivered in 2010. Its production facility in Kansas City will open in September.
The funding is part of $2.4bn in electric vehicle and traction battery grants from the Department of Energy announced yesterday, under the American Recovery & Reinvestment Act 2009. Other recipients include Ford and General Motors.
SEV US Corp recently delivered the first six Smith Newton trucks to Coca Cola Enterprises, AT&T, FritoLay and Staples, plus utilities Pacific Gas & Electric and Kansas City Power & Light. SEV US Corp anticipates these six launch partners will be among the first fleet operators to buy vehicles through the DoE programme.
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