MIAMI BEACH, FL AND NASHVILLE, TN – Nissan and Car Charging Group, Inc. (OTCQB: CCGI), a nationwide provider of convenient electric vehicle (EV) charging services, announced a joint initiative to make EV charging more readily available and to expand consumer awareness of the electric car market. CarCharging and Nissan will work together to determine the placement of the chargers, which is expected to be in key markets throughout the United States by the end of 2013.
Nissan's quick charger stations drastically reduce charging times, charging a fully depleted Nissan LEAF to 80 percent capacity in approximately 30 minutes. The initial goal for the initiative is to deploy the 48 Nissan-branded quick chargers primarily in California and on the East Coast.
As a part of the initiative, CarCharging will continue to educate consumers about how the EV charging infrastructure enhances the adoption and use of electric cars. This campaign will include tools to communicate the charging opportunities for drivers without private garages, such as residents of apartment and condo communities; the ease and benefits of public EV charging; and charging subscription offerings.
CarCharging is also developing a mobile application to provide real-time charging station location information with turn-by-turn directions and access capability for all CarCharging EV charging stations, including ChargePoint® and Nissan's quick chargers. CarCharging will also offer its proprietary evCharge card at no cost to all LEAF drivers at participating Nissan dealerships. The evCharge card allows drivers to initiate use and payment at all public charging stations on the ChargePoint® Network, the largest national online network connecting EV drivers to EV charging stations.
Brendan Jones, Nissan director for EV Infrastructure, said, "Nissan's commitment to expanding EV charging infrastructure—including quick chargers with businesses such as CarCharging—not only supports today's Nissan LEAF and other EV drivers, but also helps prepare communities for the increasing use of EVs. With more than 25,000 Nissan LEAFs already on U.S. roads, bolstering infrastructure further accelerates the adoption curve as it provides range confidence and promotes additional zero-emissions driving."
"CarCharging is thrilled to enhance our products and services by including Nissan's quick chargers in our public EV charging network and to offer our evCharge card to consumers who purchase a LEAF at a Nissan dealership," said Michael D. Farkas, CEO of CarCharging. "Through our partnership with Nissan, we are eager to expand the EV market by educating consumers who don't live in single-family homes and may not be aware of public EV charging services available today."
EV drivers can easily pinpoint the new quick charger stations as well as all of CarCharging's EV charging station locations and request CarCharging's evCharge card via its website at www.CarCharging.com.
To learn more about Nissan LEAF, the world's best-selling all-electric vehicle, visit www.nissanusa.com/leaf.
About Car Charging Group, Inc.
Car Charging Group, Inc. (OTCQB: CCGI) is a pioneer in nationwide public electric vehicle (EV) charging services at accessible and convenient locations. Headquartered in Miami, Florida with offices in California, New York, Canada, and Spain, CarCharging is committed to creating a robust, feature-rich network for EV charging. CarCharging typically pays for all hardware, installation, maintenance and related services; therefore, eliminating initial capital costs for all property owners.
CarCharging has 85 strategic partnerships across various business sectors. CarCharging's partners manage or own a total of over 8 million parking spaces, and include, but are not limited to Simon Property Group, Walgreens, Sears, Intel, Ace Parking, Central Parking, Equity One, Equity Residential, Forest City Enterprises, Pennsylvania Turnpike Commission, City of Miami Beach (FL), and the City of Santa Clara (CA).
For more information about CarCharging, please visit www.CarCharging.com.
About Nissan North America
In North America, Nissan's operations include automotive styling, engineering, consumer and corporate financing, sales and marketing, distribution and manufacturing. Nissan is dedicated to improving the environment under the Nissan Green Program and has been recognized as an ENERGY STAR® Partner of the Year in 2010, 2011 and 2012 by the U.S. Environmental Protection Agency. More information on Nissan in North America and the complete line of Nissan and Infiniti vehicles can be found online at www.NissanUSA.com and www.InfinitiUSA.com or visit the Americas media sites NissanNews.com and InfinitiNews.com.
Nissan Motor Co., Ltd., Japan's second-largest automotive company, is headquartered in Yokohama, Japan, and is part of the Renault-Nissan Alliance. Operating with more than 248,000 employees globally, Nissan provided customers with more than 4.9 million vehicles in 2012, generating revenue of 9.4 trillion yen ($US 118.95 billion) in fiscal 2011. With a strong commitment to developing exciting and innovative products for all, Nissan delivers a comprehensive range of 64 models under the Nissan and Infiniti brands. A pioneer in zero-emission mobility, Nissan made history with the introduction of the Nissan LEAF, the first affordable, mass-market, pure-electric vehicle and winner of numerous international accolades, including the prestigious 2011-2012 Car of the Year Japan and 2011 World Car of the Year awards. For more information on our products, services and commitment to sustainable mobility, visit our website at http://www.nissan-global.com/EN/.
Forward-Looking Safe Harbor Statement:
This press release contains forward-looking statements as defined within Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. By their nature, forward-looking statements and forecasts involve risks and uncertainties because they relate to events and depend on circumstances that will occur in the near future. Those statements include statements regarding the intent, belief or current expectations of Car Charging Group, Inc., and members of its management as well as the assumptions on which such statements are based. Prospective investors are cautioned that any such forward-looking statements are not guarantees of future performance and involve risks and uncertainties, and that actual results may differ materially from those contemplated by such forward-looking statements. The Company undertakes no obligation to update or revise forward-looking statements to reflect changed conditions.
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(305) 521-0200 x 214
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