ECOtality Ranks #33 in the White House Report
on 100 Recovery Act Projects Changing America
The EV Project named one of the U.S.’s Most Innovative and Effective Recovery Act Projects
Nationwide
September 21, 2010 08:03 AM Eastern Daylight Time
SAN FRANCISCO--(EON: Enhanced Online News)--ECOtality, Inc. (NASDAQ: ECTY), a leader in clean
electric transportation and storage technologies, today announced the company has been named #33 in Vice
President Joe Biden’s recent report, “100 Recovery Act Projects that are Changing America.” ECOtality was
recognized for the company’s role as the project manager for The EV Project, the world’s largest deployment of
electric vehicle (EV) infrastructure.
“We are honored that Vice President Joe Biden acknowledged ECOtality’s work with The EV Project for the
positive contributions it has made to the environment and the economy,” stated Jonathan Read, CEO of ECOtality.
“We are dedicated to providing the U.S. government with a maximized return on their investment. We are creating
jobs and sparking economic growth while successfully planning and constructing the infrastructure necessary to
support the mass adoption of electric vehicles within the United States.”
The EV Project will include the installation of approximately 15,000 charging stations in 16 cities in six states, as well
as Washington, D.C., and will place 8,500 EVs on the road. The project was established last year with a grant of
$114.8 million from the U.S. Department of Energy (DOE), funded by the American Recovery and Reinvestment
Act (ARRA). The grants are matched by private investment, bringing the total value of the project to approximately
$230 million.
“With Recovery Act projects like these, we’re starting to turn the page on a decade of failed economic policies and
rebuild our economy on a new foundation that creates good middle class jobs for American families,” said Vice
President Biden in an earlier announcement. “And we’re not engineering this transformation alone – Recover