Car Charging Group expands presence in California, US
Car Charging Group (CCGI), a provider of electric vehicle (EV) charging services, has opened a new office in San Jose, California, US, to expand its operations in the region.
The new California office will be led by the company's chief operating officer (COO) Ted Fagenson, who will oversee operations, which will include staff focused on local and regional sales, marketing and web and mobile development.
Car Charging Group chief executive officer Michael Farkas said California was the logical choice for expanding the company's operations as the state leads the nation in the number of EVs sold and on the road and availability of EV charging services.
"Californians have embraced the EV lifestyle and state governmental regulators have taken groundbreaking steps to reduce auto emissions," Farkas said.
"As a result of new rules passed by the California Air Resources Board in January 2012, one in seven new cars sold in California in 2025 must be an electric or other zero-emission vehicle."
Currently, the company provides EV charging services in Los Angeles, Oakland, Pasadena, San Francisco and Redondo Beach through partners including ACE Parking, Equity Residential and Forest City Enterprises.
Auto Components Chassis & Suspension Powertrain Paints & Materials
Technology Automobile Technology Testing
Leasing & Insurance
Supply Chain Automobile Distribution Fleet Management
Green Technology Green Vehicles Green Powertrain
TechNavio's analysts forecast the Global Intelligent Transportation System market to grow at a CAGR of 11.40 percent over the period 2012-2016. One of the key factors contributing to this market growth is the rapid growth of the Global Smart Cities market. The Global Intelligent Transportation System market has also been witnessing an increasing number of government initiatives promoting intelligent transportation systems. However, the high maintenance cost required for proper implementation of intelligent transportation systems could pose a challenge to the growth of this market. TechNavio's report, the Global Intelligent Transportation System Market 2012-2016, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market in the Americas, and the EMEA and APAC regions; it also covers the Global Intelligent Transportation System market landscape and its growth prospects in the coming years. The report also includes a discussion of the key vendors operating in this market. The key vendors dominating this space include Denso Corp., Efkon AG, Kapsch TrafficCom AG, and TransCore Inc. The other vendors mentioned in this report are Addco LLC, Agero Inc., Garmin International Inc., Innovation In Traffic Transportation Systems AG, Lanner Electronics Inc., Ricardo plc, Savari Inc., Sensys Networks Inc., Sigtec Pty Ltd., Swarco AG, Telenav Inc., Thales Group, TomTom NV, Traffic Tech Middle East, and Traficon N V. Key questions answered in this report: What will the market size be in 2016 and what will be the growth rate? What are key market trends? What is driving this market? What are the challenges to market growth? Who are the key vendors in this market space? What are the market opportunities and threats faced by key vendors? What are the strengths and weaknesses of each of these key vendors? You can request one free hour of our analyst’s time when you purchase this market report. Details provided within the report. Reports Buy online from $0