Tags: Car Charging Group | Michael Farkas | Electric Vehicles | Driving

Car Charging Group's Farkas: Electric Vehicles Are 'Not a Golf Cart'

By    |   Tuesday, 04 June 2013 11:30 AM

Electric vehicle sales will increase when people realize they can charge their cars beyond their home, said Michael Farkas, co-founder and CEO of The Car Charging Group.

"People are not educated enough to realize that EVs [electric vehicles] are truly replacements of internal combustion engines," Farkas said in an exclusive interview with Newsmax TV.

"The more EVs people see out there, the more they feel comfortable getting into the cars themselves, driving them, going to the dealerships."

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Farkas said the average American drives less than 40 miles per day.

"The EVs of today are going over 50 miles a day," Farkas said. "You really have that buffer — being able to travel, but most consumers are jut unaware of it.

"They're unaware of the fact that there is infrastructure out there in major urban cities, like New York and L.A. and San Francisco, with our partners, like Central Parking and Icon Parking and Walgreens and CVS and Simon Properties," he said.

"It allows you to do it in a place like a Walgreens or a CVS. Get your prescription, buy what you need, and by the time you come out you can go on your way and your car is charged."

Farkas also touted the strong sales of the Nissan Leaf. Nissan sold 2,138 Leaf vehicles in May, a 319.2-percent year-over-year increase, the model's second-best sales month since its December 2010 launch, according to hybridcars.com.

"It's just proving … that EVs work," Farkas said. "They're not a golf cart. They're something that you could drive every day. It's something that you could live with every day," he said.

"I drive an EV. I plug my car in when I get home. I don’t have to plug in every single day. I plug in every couple of days. And it's just showing the world that EVs work."

Additional players will enter the marketplace, Farkas said.

"The more cars that are out there, the cheaper the infrastructure will be, the cheaper the energy will be, and it will be amazing for the entire industry," Farkas said.

"A lot of these subsystems that are in these cars are shared across the board through different manufacturers. As we start seeing more and more cars, the cost of these components are going to come down dramatically [and] in turn, reduce the cost of EVs and it will definitely help a lot of sales."

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Electric vehicle sales will increase when people realize they can charge their cars beyond their home, said co-founder and CEO of The Car Charging Group, Michael Farkas.
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Tuesday, 04 June 2013 11:30 AM
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