Driving Green; Walking Greener

Driving Green; Walking Greener
Green Auto News; Balqon Corporation (OTCBB: BLQN.OB), Electrovaya (TSX: EFL), Chrysler Group, Lexus


Delta BC March 23, 2010 (Investorideas.com renewable energy/green newswire), InvestorIdeas.com and its green investor portal Renewableenergystocks.com report on recent green auto news from Balqon Corporation (OTCBB: BLQN.OB),Electrovaya (TSX: EFL), Chrysler Group, Lexus and how the global economic crisis of the past two years has resulted in greener consumers (including author) .

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By: Dawn Van Zant
As I read through news hi-lites and developments in the green auto industry I am inspired, motivated and excited. A year ago I was a proud driver of a BMW 330ci and my daughter Cali leased a brand new Honda Fit. I thought we had a balance between the two cars and were meeting our environmental standards between us.

I was waiting to find my ideal green car to replace my BMW and was constantly watching what BMW, Mercedes and other luxury car makers were up to in their next generation of environmentally friendly cars.

As irony and fate would have it, Cali crashed her fuel efficient Honda Fit last Thanksgiving and once we finally got a settlement for the write- off; the proceeds were placed with a close associate we knew in the auto industry that was promising to get a great deal for us at the auto auction. Hard times had fallen on this small business owner, the funds were confiscated by Revenue Canada we were told, and we were without a vehicle to replace hers or unable to get the money back at this time.

We decided to sell my BMW to replace her confiscated funds and luck and fate went sideways again (long story) and as a result we are currently walking to Starbucks daily.

We are enjoying our morning walks in the sunshine with coffee in hand, contemplating our next car purchase. The exercise is great, the break from the computer inspires new ideas for our business and we think about our next purchase.
With gas prices rising again and new green car options coming out all the time from some of the best in the industry, it is easier than before to choose to become a green consumer.

Recent Green Car News;
Balqon Corporation (OTCBB: BLQN.OB)
Balqon Corporation Announces Development of an Intuitive Battery Management System for Large Format Lithium-Ion Batteries
Tue Mar 2,–Balqon Corporation (OTCBB: BLQN), an emerging developer and manufacturer of zero emissions heavy-duty electric vehicles for Class 7 and Class 8 applications, announced the release of its new Battery Management System (“BMS”) designed to optimize battery cycle life of large format lithium-ion batteries used in its product line of heavy-duty electric trucks and tractors. Each BMS board is equipped with multiple temperature sensors and a flash microcontroller together with Balqon’s proprietary software that works with any electric vehicle’s battery cell chemistry. More info: www.balqon.com

Electrovaya (TSX: EFL)

From Chrysler’s release, dated 3.22.10:
Ram Plug-in Hybrid Electric Vehicle (PHEV)
Chrysler Group has been selected for a U.S. Department of Energy (DOE) grant of up to $48 million as part of a $2