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Miles Electric Vehicles Backs Proposed Low Carbon Fuel Standard

Posted on: Thursday, 23 April 2009, 19:19 CDT

SANTA MONICA, Calif., April 23 /PRNewswire/ -- Santa Monica-based Miles Electric Vehicles, Inc. expressed today its support of the California Air Resources Board's proposed Low Carbon Fuel Standard, which will encourage the purchase of electric drive vehicles and expedite the build out of a statewide electric charging infrastructure.

"By regulating the life-cycle emissions of fuels sold in-state, the Governor's Low Carbon Fuel Standard will further position California as a leader in the fight against carbon emissions and further motivate manufacturers to produce low carbon footprint, alternative fuel vehicles," said CEO, Kevin Czinger. "Miles Electric Vehicles applauds the Standard's non preferential, scientific approach at reducing the transportation sector's carbon emissions," he said.

If enacted, the Low Carbon Fuel Standard will regulate the carbon intensity of fuels sold in California by calculating life-cycle emissions against energy produced. This would reduce emissions by an estimated 16 million metric tons by 2020. The Standard is expected to triple the size of California's renewable fuels market and increase the number of alternative fuel vehicles on California's roads by more than 7 million.

Miles Electric Vehicles, Inc. plans to contribute to the growing demand for alternative fuel vehicles with the market launch of its full performance, all-electric sedan in California in 2010. The vehicle will be a 4-door, 5-passenger, mid-size sedan and will meet or exceed all the daily transportation needs of the average driver.

ABOUT: Headquartered in Santa Monica, Calif., Miles Electric Vehicles expects to be the first to market with a cost effective, safe and practical, all-electric, full performance sedan. MILES brands, designs, markets and distributes electric vehicles utilizing a manufacturing outsourcing strategy which allows MILES to develop vehicles rapidly in a flexible manner - avoiding the traditionally capital-intensive nature of the automobile business. The company currently successfully markets a line of low speed, all-electric vehicles, which combine the best of US electric motor and controller technology with China's advanced battery and vehicle manufacturing capabilities. To date the company has built a prestigious fleet customer base that includes the City of Chicago, Stanford University, NASA, the UC system, Wal-Mart, Cal Poly, Lockheed Martin and others.

SOURCE Miles Electric Vehicles, Inc.

Source: PR Newswire

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