Growth for company installing electric car chargers in Chattanoo - | Chattanooga News, Weather & Sports

Growth for company installing electric car chargers in Chattanooga

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By WRCB Staff

CHATTANOOGA (WRCB) - The company responsible for public charging stations for electric vehicles (EV) in Chattanooga has announced 68% jump in revenue for the July-September third quarter.

In a news release obtained by Channel 3 Eyewitness News, ECOtality, Inc. announced an additional $3.2 million in revenue for the third quarter 2010 compared to the same period in 2009.

"Third Quarter 2010 was a period of significant achievement for ECOtality; we expanded The EV Project to new markets, issued electric vehicle infrastructure plans in several of the EV Project regions, unveiled our Blink DC Fast Charger—which delivers the fastest EV charging rate currently available—and established partnerships with Best Buy, and BP," said Jonathan Read, President and CEO, ECOtality. 

ECOtality is responsible for the public and home charging stations for EV Project regions in Nashville, Knoxville, and Chattanooga as well as Arizona, California, Oregon, and Washington. ECOtality is using millions of dollars in federal stimulus dollars to prepare cities for an emergence of electric vehicles in the next decade.

Chattanooga and Tennessee will lead the next revolution in the shift to electric powered cars.  Officials have a plan to give the first 1,000 customers a $2,500 rebate from the state.  That's on top of $7,500 tax credit from the federal government. Chattanooga plans 37 public charging stations for electric vehicles.

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