ECOtality, Inc. (ECTY) Partners with car2go for Next Era of Carsharing

QualityStocks would like to highlight ECOtality, Inc. (NASDAQ: ECTY). Headquartered in San Francisco, California, the company is a leader in clean electric transportation and storage technologies. Through innovation, acquisitions, and strategic partnerships, ECOtality accelerates the market applicability of advanced electric technologies to replace carbon-based fuels.

In the company’s news yesterday,

ECOtality has teamed up with car2go N.A. LLC, a subsidiary of Daimler North America Corp., to provide electric vehicle (EV) charging infrastructure to support the largest fleet of EVs in the United States.

Per the agreement, ECOtality will support the first 100 percent electric car sharing program in North America, with plans for roughly 300 fortwo EVs in San Diego beginning late 2011.

car2go’s all-electric program will provide more than 40,000 members with more than 1,000 low-emission smart fortwo vehicles across four cities.

“Innovative car-sharing programs like car2go’s service are pivotal to encouraging the mainstream adoption of electric vehicles,” Jonathan Read, CEO of ECOtality stated in the press release. “As we deploy approximately 1,000 Blink charging stations in the San Diego region as part of The EV Project, we are creating the robust public infrastructure necessary for car2go’s program to succeed. Together, we will show that EVs are a perfect fit for the lifestyle of San Diego drivers.”

The program is designed to accommodate residents in the San Diego area that recognize the shifting trend toward carsharing, as well as to develop appropriate infrastructure.

“The launch of an all electric vehicle fleet marks a new era in carsharing in North America,” said Nicholas Cole, president and CEO of car2go. “San Diego is a forward-thinking city determined to meet future transportation demands of its residents. Our goal is to complement the existing transportation infrastructure by providing an emission-free carsharing service for short and spontaneous one-way trips.”

As the project manager, ECOtality said it will oversee the installation of approximately 14,000 commercial and residential charging stations in 18 major cities and metropolitan areas in six states and the District of Columbia.

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