The ARB also said the rules will help expand California's emerging electric vehicles industry. A recent report by San Francisco-based nonprofit Next10 found that California leads the nation in patents for electric vehicle technology. Globally, it trails only Japan and South Korea.
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Businesses in the state collected $467 million in electric vehicle venture capital investment during the first half of this year, or 69% of the global total, according to a study by Next 10, a nonprofit founded by Silicon Valley venture capitalist F. Noel Perry.
In the first half of this year, California companies developing plug-in vehicles, advanced hybrids, charging stations and related equipment brought in $467 million in venture capital, according to a new report from the Next 10 public policy group. That's 69 percent of all the venture capital invested in electric vehicles around the globe, and 74 percent of the capital invested in the United States.
The report from the nonprofit, nonpartisan research organization Next 10 is titled “Powering Innovation: California is Leading the Shift to Electric Vehicles from R&D to Early Adoption.” The report reveals California took in $467 million in global electric-vehicle venture capital investment in the first half of the year.
Powering Innovation: California is Leading the Shift to Electric Vehicles from R&D to Early Adoption
New research tracks key indicators to assess opportunities and obstacles for California in the electric vehicle (EV) sector and finds California captures 69 percent of global EV investment in 2011, ranks first in nation in EV patents, and EV jobs increased during the economic downturn while total employment fell.
CA attracts $467 million in EV venture capital investment in first half of 2011, files more patents than other top patent developers globally
Our state is leading the nation in electric vehicle (EV) investment and innovation. California captured 69 percent of global EV investment in 2011 and ranks first in the nation in EV patents. The number of jobs in the EV sector, while small, keeps growing despite the economic downturn.
Yesterday, Next10—a California nonprofit—unveiled the revised version of its own budget simulator. While the organization has hosted the online tool for the past seven years, revising it annually to reflect the state's current legislature proposals, this year's scorched-earth budget battle makes it especially timely.
If the room full of likely voters who gathered Thursday in San Francisco for the California Budget Challenge had their way, California's current budget deficit would be morphed into a $7.9 billion surplus.
Online budget simulation allows voters to call the shots on taxes, prison reform, education funding and more