Electric vehicle hype bigger than investment

| Print |  Email
Articles - September 2010
Friday, August 20, 2010
0910_ATS15
The nation's first high-speed charging station opened in Portland last month. // PHOTO COURTESY OF NISSAN

It was a glamorous press conference for an underground parking garage. Gov. Ted Kulongoski wore a pink tie and shared the stage at the August event with executives from Portland General Electric, Nissan and NEC to promote the nation’s first quick-charge station for electric vehicles, built by NEC underneath PGE’s Portland headquarters. Kulongoski praised the charger as “another critical step in the transition” from fossil fuels to EVs, and then zipped out for a test drive of the new Nissan Leaf.

With state support, PGE, Nissan and other businesses are building a network of charging stations from Portland to Eugene in preparation for a flurry of purchases once the latest EVs arrive. Oregon is also one of five states sharing in a $100 million federal grant to expand EV business and collect market data from drivers.

But there’s more to leading the transition to electric vehicles than buying the latest Nissan. Major local investments from Norwegian carmaker Think Global and Chinese battery giant BYD have fallen through, and EV startups from Portland to Eugene to Ashland are struggling to get rolling.

In Northwest Portland, Porteon CEO Ken Montler has a light prototype that maxes out at 35 mph for around-town trips. He hopes to manufacture in Portland once he secures funding. “There’s a whole lot of interest here in Oregon, but you need investors,” he says.

The same applies for Arcimoto, the Eugene-based designer of a three-wheeled EV called the Pulse. The nine-employee company has received a few dozen $500 deposits through its website but needs backing to crank out its first 500 cars in 2011 as planned. Arcimoto CEO Mark Frohnmayer is looking for “early-stage investors whose portfolio strategy includes doing well by saving the planet.”

Ambiente Motors founder Melissa Brandao has a similar pitch but a different plan. She’s trying to raise money for a design and marketing center in Ashland while a sister company in Brazil builds the vehicles — lightweight, nimble electric trucks for in-city commercial use.

Brandao, the only woman running an EV company in the world, has experience starting up businesses in foreign countries from Russia to Chile. She believes Brazil is an ideal market for EVs designed in Oregon because the economy is growing quickly there with a strong emphasis on green. She isn’t hiring yet, but she has five employees identified and ready to work — once the money comes through.

BEN JACKLET
 

More Articles

Downtime with John Helmick

June 2015
Tuesday, May 26, 2015
BY JACOB PALMER

Live, Work, Play: CEO of Gorilla Capital.


Read more...

Apartment Mania

Guest Blog
Thursday, June 18, 2015
4805983977 11466ce1d6 zBY BRAD HOULE | CFA

While most categories of commercial real estate have performed well, one of the most robust has been apartment buildings.


Read more...

Marijuana law ushers in new business age

The Latest
Tuesday, June 23, 2015
062315panelthumbBY KIM MOORE | RESEARCH EDITOR

Oregon’s new marijuana law is expected to lead to a bevy of new business opportunities for the state. And not just for growers. Law firms, HR consultants, energy efficiency companies and many others are expected to benefit from the decriminalization of pot, according to panelists at an Oregon Business breakfast meeting on Tuesday.


Read more...

Queen of Resilience

June 2015
Friday, May 22, 2015
BY AMY MILSHTEIN

Astrid Scholz scales up sustainability.


Read more...

Change at the pump?

The Latest
Tuesday, May 26, 2015
001thumbBY JASON E. KAPLAN | STAFF PHOTOGRAPHER

New Jersey and Oregon are the only two states in the U.S. that ban self serve gas stations. But these two holdouts may be ready to give up the game. New Jersey is considering legislation that would lift the state's ban on pumping your own gas. Oregon is considering smaller scale changes.


Read more...

Efficiency Boost

June 2015
Friday, May 22, 2015
BY JOE CORTRIGHT

How conservation stimulates the local economy.


Read more...

Eco Zoned

June 2015
Friday, May 22, 2015
BY HANNAH WALLACE

Travelers have always come to Oregon for its natural beauty. But will the increasing popularity of agritourism, European-style hiking getaways and forest resorts relax Oregon's notoriously strict land-use laws?


Read more...
Oregon Business magazinetitle-sponsored-links-02
SPONSORED LINKS