Electric-Car Charging Network Ecotality Files For BankruptcyElectric-Car Charging Network Ecotality Files For Bankruptcy

John Voelcker

September 18, 2013

0 Comments

Electric

The writing has been on the wall for a while now, but Ecotality filed for bankruptcy on Monday, according a report yesterday by the Associated Press.
The provider of electric-car charging stations, known for its Blink network, has been troubled for some time.
More than a year ago, Blink’s charging stations were rated as significantly less reliable than those provided by the Chargepoint Network.
The reliability study was conducted by Tom Saxton of Plug-In America, who looked at the uptime of each station on each network.
If frequent comments on electric-car forums are any indication, continuing problems with Blink stations have led many plug-in drivers to shun them when alternatives are available.
The bulk of Ecotality’s revenues were derived from The EV Project, a Federally-funded effort that provided free electric-car charging for a period of time to gather data on drivers’ behavior, mileage, and charging patterns.
With that project nearing its end, it appears Ecotality was not able to cover its costs and make a viable business out of selling recharging services at public charging stations.
Trading in Ecotality shares was suspended five weeks ago, with the news emerging two days later that the Department of Energy had halted its payments to the company and that it would have to recall 12,000 charging stations to fix their plugs.
The DoE has provided more than $100 million in payments to Ecotality since 2009, according to the AP.
The company’s assets will most likely be sold at auction, to satisfy payments due to employees and creditors.
_______________________________________________
Follow GreenCarReports on Facebook, Twitter, and Google+.

View original article at : “https://www.greencarreports.com//news/1087014_electric-car-charging-network-ecotality-files-for-bankruptcy”

Electric

Add a comment Cancel reply

Comments (0)

Conventional Tank Water Installation Repair Plumbers

… [Trackback]

[…] Read More here on that Topic: autoseu.com/electric-car-charging-network-ecotality-files-for-bankruptcyelectric-car-charging-network-ecotality-files-for-bankruptcy/ […]

Your comment is awaiting moderation

click

… [Trackback]

[…] Find More on that Topic: autoseu.com/electric-car-charging-network-ecotality-files-for-bankruptcyelectric-car-charging-network-ecotality-files-for-bankruptcy/ […]

Your comment is awaiting moderation

what store sells wonka bars

… [Trackback]

[…] Find More here to that Topic: autoseu.com/electric-car-charging-network-ecotality-files-for-bankruptcyelectric-car-charging-network-ecotality-files-for-bankruptcy/ […]

Your comment is awaiting moderation

About us

John Hendricks

Blog Editor

We went down the lane, by the body of the man in black, sodden now from the overnight hail, and broke into the woods..

VW electric car sales plunge: Why are Europeans returning to petrol?

April 11, 2024

By Angela Barnes Sales of Volkswagen electric vehicles in Europe fell by almost a quarter in the first three...

Volvo EX30 in the test: Really a premium car at a volume price?

Stephen Edelstein

November 16, 2023

It starts at 36,590 euros, but how good is the small SUV? The EX30 is Volvo’s designated bestseller:...

VW ID.7: Estate is not called Variant... It's a Tourer

Stephen Edelstein

November 16, 2023

The car will be presented without camouflage in the coming months The station wagon version of the VW...

MG4 XPower (2023) in the test: The inexpensive rocket

Bengt Halvorson

November 16, 2023

320 kW, all-wheel drive and 3.8 seconds to 100 allow you to hunt Porsches in a compact car...

With a market presence in 9 countries AutosEU is an important part of the entire EU alternative mobility industry. AutosEU empowers people to drive their dreams by making the buying experience more simple, efficient and stress-free.

+420 773 969 126

[email protected]

Náměstí I. P. Pavlova 1785/3, Nové Město, 120 00 Praha, CZ IČO: 09652914 VAT Number: CZ09652914