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California and San Diego are Leading the Shift to Electric Vehicles from R&D to Early Adoption

As California is poised to adopt a new round of car standards designed to cut emissions and expand the market for electric vehicles (EV), a new report provides insight into California’s emerging leadership role in this fast-growing economic sector.  New data reveals that California took in $467 million in global EV venture capital (VC) investment (69 percent of total dollars) in the first half of 2011 and, along with Michigan, is the top patent holder for new EV technology in the United States.  Powering Innovation: California is Leading the Shift to Electric Vehicles from R&D to Early Adoption, from the nonprofit, nonpartisan research organization Next 10, tracks key indicators to assess opportunities and obstacles for California in the EV sector.

Click here for the 32 page report and here for the Key Findings.

San Diego’s contribution to the growth of EV was featured in the report.  (Page 22) “The San Diego Region more than tripled its EV workforce between 2004 and 2010.  The largest contributions to growth have been Motor Vehicle Components, composing 52 percent of the region’s EV employment in 2010, and Advanced Batteries with 42 percent of regional EV employment.”  (Page 22) “The San Diego Region boasts the highest employment concentrations in both Advanced Battery and Motor Vehicle Components.”  (Page 24) “In Research and Development, San Diego represents 60 percent of EV related employment statewide, equal to roughly 150 jobs of the more than 280 EV jobs in the region.”

Of particular value in the report are the observations on Page 26 which summarize the realities of EV, “Why Electric Vehicles?  Benefits and challenges to powering innovation.”

You can drill down to the company level of the transportation technology sector in the San Diego region via the cleantech cluster database on CleanTECH San Diego’s website.  Click here.

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This entry was posted on Sunday, December 11th, 2011 at 6:49 pm and is filed under CleanTECH San Diego, Energy Storage, Transport Technology . You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.

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