Thursday, October 21, 2010

Car Charging Group, Inc. (CCGI.OB) to Bring its Electric Vehicle Charging Stations to Mall of America

Car Charging Group, Inc. announced this morning that it plans to install electric vehicle charging stations at Mall of America in Bloomington, Minnesota. The Mall of America® is the United States’ largest retail and entertainment complex covering 4.2 million square feet and has over 13,000 parking spaces in its lots.

Dave Haselman, Executive Vice President, Mall of America, commented, “Mall of America® has always been committed to environmentally responsible design. The existing Mall was designed and built in an environmentally responsible manner incorporating elements such as an extensive recycling program, 30,000 live plants and trees that act as natural air purifiers, and no central heating system despite very cold Minnesota winters.” Mr. Haselman continued, “We view the addition of electric vehicle car charging stations as the next logical step in creating a high performance green facility and we are leading the way for other retail and entertainment centers that will undoubtedly install stations in the near future.”

Car Charging Group is on the cutting edge of this technology that many believe will be the future of vehicles. In fact, a recent report, “Electric Vehicle Charging Equipment,” estimates that there will be 4.7 million residential, public, private and workplace charging stations installed globally during the period from 2010 to 2015. And in the U.S., there will likely be almost 1 million charging stations by 2015.

The technology and Car Charging Group President, Andy Kinard, was recently featured on CNN’s “The Big Idea” where Mr. Kinard discussed electric vehicle charging stations and demonstrated how the technology works. CNN’s correspondent, Don Lemon, hosted the broadcast segment, titled “Charging Up Your Car,” and spoke to Mr. Kinard about public charging stations and the convenience of the locations of the charging unit.

With regards to the Company’s future, Brian Golomb, Director of Sales & Marketing, Car Charging Group, stated, “When Henry Ford began selling cars the middle class could afford, the increase in automobile ownership resulted in a greater demand for filling stations, but the opposite is true for EVs.” Mr. Golomb further said, “To facilitate market acceptance for the first mass-market electric cars from Nissan, General Motors, SmartCar, Ford, Fiat and other manufacturers as they hit U.S. roads this winter, we must build out the infrastructure first. The elimination of range anxiety and ability to ensure EV drivers they will have access to a vast network of convenient charging stations is the key.”

More information on Car Charging Group can be found on the company’s website at www.carcharging.com

About QualityStocks:

QualityStocks is committed to connecting subscribers with companies that have huge potential to succeed in the short and long-term future. We offer several ways for investors to learn more about investing in these companies as well as find and evaluate them.

Sign up for “The QualityStocks Daily Newsletter” at www.QualityStocks.net

The Quality Stocks Daily Blog http://blog.qualitystocks.net

The Quality Stocks Daily Videos http://videocharts.qualitystocks.net

The Quality Stocks “Ones to Watch” http://Gotstocks.QualityStocks.net

Please see disclaimer on QualityStocks website: http://disclaimer.qualitystocks.net

No comments: