Yesterday, joined by San Jose Mayor Chuck Reed and Oakland Mayor Ron Dellums I announced a nine-step policy plan for transforming the Bay Area into the "Electric Vehicle (EV) Capital of the U.S." In support of this initiative Better Place, a global electric transportation company announced that it would enter the U.S. market with California as its first state, beginning in the Bay Area.
Commercial availability of electric cars is targeted to begin in 2012, and Better Place estimates its network investment in the Bay Area will total $1 billion when the system is fully deployed. I welcomed Better Place's announcement and anticipate many other EV companies will focus on the Bay Area as a top-priority market.
Electric vehicles represent an overarching, game-changing solution that allows us to transform, and recharge the American transportation sector for the 21st century. By accelerating the conversion of the car industry from its oil dependent past, to a new electric century, we can jump start the car industry, eliminate our dependence on oil, reduce our required presence in the middle east, create millions of jobs, and eliminate a significant portion of our CO2 emissions.
This plan ties together a triangle of influence that can get our nation back on track: Detroit car makers who know how to scale production, working in concert with San Francisco's culture of innovation, aided by Sacramento and Washington DC policy-making. The goal is to create a sustainable strategic advantage for the US instead of a series of bailouts.
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