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Platinum Account Group Gives Interest on Venture Funding for Electric Vehicle

12-16-2011 09:28 AM CET | Business, Economy, Finances, Banking & Insurance

Press release from: Platinum Account Group

Due to the rising cost of fuel, the early market for electric powered cars has shown that demand for these types of vehicles exists worldwide. Other reasons for the rise in demand include market adaptations sparking consumer interest, consumer purchase incentives, as well as a rise in awareness for exciting new vehicle models.

Production of electric vehicles is growing across the globe and over the next few years automakers are planning to launch and introduce a variety of new models. Honda and Chevrolet officially launched new electric vehicle models in recent weeks after several months of performing advance publicity. Fit EV for Honda and Spark EV for Chevrolet have both grown in popularity.

California is fast becoming a worldwide center for electrified vehicle innovation and jobs. In the first half of this year, from Platinum Account Group’s research department, businesses accrued over $467 million or 69 percent of the global total in electric vehicle venture capital investment.

From 2008 to 2009, California generated 300 patents for electric vehicle technology tying up, in terms of the number of patents filed for electric vehicle technology, with the traditional center of the U.S. auto industry which is Michigan.

Platinum Account Group reports that because of this growth, employment is also taking off even in the current economic state the country is in. For example at Tesla Motors, this year, they brought its national workforce to about 1,400 for hiring 300 workers in California. They even have a plan to double its employment next year. Even other companies from small electric drive manufacturers to businesses that has connection with electric vehicle production and installment have doubled their workforces or grown faster this next year.

- About Platinum Account Group -
Platinum Account Group is a financial services venture capital firm offering strategic advice, venture assistance, and capital to visionary entrepreneurs to help drive growth and success for their ground breaking products. To learn more about and of the available partnership opportunities with Platinum Account Group, visit http://www.platinumaccountgroup.com/

Platinum Account Group is a privately-owned company that offers you the highest quality of advice and financial service in the industry. We assist knowledgeable and discerning investors who seek the highest return on their investment. We are a wholly independent company and our contribution and service for our client’s wealth management and financial planning purposes is not restricted to particular funds or investment products we may want to implement.

2 Bloor Street West, Toronto, ON, Canada, M4W 3E2

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