Electric Drive Transportation Association Responds to Johnson Controls Purchasing A123 Assets


PHOTO
OOPS!

SEE ALSO: Electric Vehicles Solution Or Diversion

Washington, D.C.—October 16, 2012; Brian Wynne, president of the Electric Drive Transportation Association (EDTA), issued the following statement in response to today’s announcement about Johnson Controls purchasing A123 Systems’ automotive business assets:

“Consolidation is an expected market force in all emerging industries, especially one as dynamic as the global electric drive market. Advanced battery technology powers the electric drive industry, increasing the fuel efficiency of the U.S. automotive fleet and reducing our reliance on imported oil.

“Johnson Controls' purchase agreement is a positive development for A123's U.S. operations and for the long-term growth of the advanced battery industry. The electric drive industry is still in the early stages of market development – this is the second year of plug-in hybrid and electric vehicles availability on the mass market. The U.S. has already seen tremendous growth throughout the electric drive supply chain and battery technology during this time. The energy storage market is projected to be a $50 billion global industry by 2020.

“Standing up an entirely new supply chain is a challenge to which industry leaders are committed. Strong private investment continues and manufacturing opportunities for advanced batteries and electric drive components are growing jobs and building market share. The global race in the energy storage market is competitive and moving rapidly – it is critical that the U.S. secure a position as the leader.”

About EDTA

The Electric Drive Transportation Association (EDTA) is the preeminent trade association promoting battery, hybrid, plug-in hybrid and fuel cell electric drive technologies and infrastructure. EDTA conducts public policy advocacy, education, industry networking, and international conferences. EDTA’s membership includes vehicle and equipment manufacturers, energy companies, technology developers, component suppliers, government agencies and others. For more information about EDTA and its members, visit ElectricDrive.org. For information about owning and operating electric vehicles, please visit GoElectricDrive.com.

Home | Buyers Guides By Make | New Car Buyers Guide | Used Car Super Search | Total New Car Costs | New Car and Truck Reviews
Automotive News | TACH-TV | Media Library | Discount Auto Parts

Copyright © 1996-2014 The Auto Channel. Contact Information, Credits, and Terms of Use. These following titles and media identification are Trademarks owned by The Auto Channel, LLC and have been in continuous use since 1987 : The Auto Channel, Auto Channel and TACH all have been in continuous use world wide since 1987, in Print, TV, Radio, Home Video, Newsletters, On-line, and other interactive media; all rights are reserved and infringement will be acted upon with force.

Privacy Statement | Size Does Matter | Media Kit | XML SITE MAP | Affiliates

Send your questions, comments, and suggestions to Editor-in-Chief@theautochannel.com.

Submit Company releases or Product News stories to submit@theautochannel.com.
Place copy in body of email, NO attachments please.

To report errors and other problems with this page, please use this form.

Link to this page: http://www.theautochannel.com/