SOURCE: Floyd Associates
December 09, 2008 16:00 ET
Floyd Associates' Analysis of Electric Vehicles and the Future of the Auto Industry
LOS ANGELES, CA--(Marketwire - December 9, 2008) - With the recent drop in the price of oil,
new doubts have been cast over the future of hybrid and electric vehicles. Many
manufacturers and designers of electric vehicles have faced technical and
financial challenges in the past few months. Such challenges combined with
large capital investments in research and development necessary for these
cars, have prompted some analysts to predict a reversal of the trend
towards green vehicles.
Climate change and environmental concerns, however, play a major role in
policies and trends that shape the future of the automotive industry. Green tech vehicle programs
are not only critical in shaping the future of our transportation but also
vital for the long term survival of big global auto companies such as
Detroit's big 3. Electrification is on its way and at the forefront of
innovation in the auto industry.
Atmospheric and environmental scientists have shown us the effects of
carbon emissions on the increase of average global temperatures. There is
more to the cost of operating internal combustion engines than the price
paid at the pump. It will be irresponsible if we do not spend resources on
development and optimization of battery technologies, which can lead to
less expensive and ultimately economically feasible generations of electric vehicles,
vehicles that have zero carbon footprints and no harm to our mother nature
and that will replace current gasoline engines responsible for significant
part of the green house gasses released in the atmosphere.
For now, governments have realized that value of research on this topic. In
many places policies have been implemented that encourage consumers to
purchase electric vehicles. The next US administration has already
indicated its will and desire to support electric vehicles and it is
anticipated that subsidies and/or tax credits will make the price of
electric vehicles competitive for a number of years. Our belief is that the
revolution has already begun and that the signs are already visible on the
road. Our prediction is that more community and government cooperation
shall take place on a global scale to bring the best minds together and to
create future cars that run on efficient electric motors fueled by durable
and economically feasible batteries.
If you have questions or comments about this article, please contact us by
email at info@floyd-associates.com or call us at: +1 (310) 300-0890. For
more information about Floyd Associates, please go to
www.floyd-associates.com.
About Floyd Associates
Floyd Associates is a privately held consulting firm with expertise in
corporate finance, business strategy, and mergers and acquisitions. Our
expert team advises companies of various sizes on capital raising
instruments, optimal capital structures, and formation of strategic
alliances. Capitalizing on years of experience, the Company offers complete
solutions customized to meet the specific needs of each of its clients. The
Company intends to form long lasting relationships with its clients and to
maximize shareholder value through optimization of capital structure and
business planning. Solutions include equity financing, business expansion
plans, global corporate finance solutions, and international trade
strategies.
Forward-Looking Statements
Except for historical information contained herein, the statements in this
news release are forward-looking statements that involve known and unknown
risks and uncertainties, which may cause the Company's actual results,
performance and achievement in the future to differ materially from
forecasted results, performance, and achievement. The Company undertakes no
obligation to publicly release the result of any revisions to these
forward-looking statements that may be made to reflect events or
circumstances after the date hereof, or to reflect the occurrence of
unanticipated events or changes in the Company's plans or expectations.