Posts Tagged ‘California Energy Commission’

And Another One Bites the Dust: Electric Carmaker “Green Vehicles, Inc” Dies, Taking a Ton of Government Dollars

Tuesday, July 19th, 2011

I don’t know what made the mayor of Salinas, CA think that he could See The Future, but he used to think that way, back when he sunk about $500,000 of municipal funds into now-defunctGreen Vehicles, Inc.

This was the three-wheeler that was going to sell for $25k:

From happier times:

“Green Vehicles was co-founded by Ehab Youssef and Mike Ryan in the wake of a failed ZAP! dealership originally in Los Gatos, California. Disappointment in the state of the battery electric vehicle industry at the time led the small company to take on the ambitious goal of making the world’s most sustainably made, energy efficient freeway commuter.

In 2008, the company changed course, abandoning its manufacturing base in China for an 80,000 sq ft (7,400 m2) facility in Salinas, California in order to make changes to manufacturing operations more consistent with the principles on which the company was founded. Green Vehicles recently applied to the state of California and received supplemental funds to implement Design for Manufacturability and Design for Environment changes before increasing commercial production volumes of the Triac 2.0

And here’s your timeline:

“On July 30, 2010, Green Vehicles was awarded a grant for over $2,050,000 by the California Energy Commission to assist the company’s efforts to scale up manufacturing operations in Salinas, California.

On July 18, 2011, Green Vehicles announced it had ceased operations, citing a lack of capital. Virtually all of its funding had come from state and local government grants”

Oh well…