Frost & Sullivan Electric Vehicles Unplugged 2010: Government Support Essential to Catalyze Market Growth

LONDON, June 30, 2010 - Government support for infrastructure development, consumer incentives,
and manufacturing will catalyze market growth, concluded parliamentarians and
industry leaders at Frost & Sullivan's second annual Electric Vehicles
Unplugged event which took place June 22 - 23 in London. However, investment
in R & D and in battery and related EV technology manufacturing is crucial if
the UK is to fully benefit from the manifold opportunities presented by this
new sector. The workshop affirmed that the age of electric mobility is
rapidly dawning, providing significant high tech manufacturing opportunities
in the UK.

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During the parliamentary debates at the House of Lords on 22 June,
Chairperson, Lord Palmer, confirmed that government support must be
long-term. Tobias Reigh of PSA explained that government subsidies could be
reduced as the market grows and battery prices fall. Kobus Meiring of Optimal
Energy illustrated South African government support for Electric Vehicles and
production facilities.

The second day at the Society of Motor Manufacturers and Traders featured
presentations from Frost & Sullivan on EV-related mega trends and
implications for electric mobility. Key OEM representatives including Richard
Chandler of Nissan, Tobias Reich of PSA, Lord Jamie B of Modec, Nancy Gioia
of Ford, and Diana Blake of Optimal Energy, summarised their future EV
strategies and business models. Antony Brenbaum of HSBC outlined his
company's vision of investing in Better Place and spoke about investment
opportunities and challenges in EV financing. Robert Stuessi of AVERE, Karl
Froelich of Atraverda, Graeme Craig of Transport for London, Maarten Casse of
Stedin, Sean Long of One North East, Oliver Weinmann of Vattenfall and
Catherine Hutt of the SMMT updated the audience about EV infrastructure
challenges, progress and milestones.

Frost & Sullivan Partner, Sarwant Singh, concluded that "the workshop was
an amazing opportunity to network with parliamentarians and industry
participants to discuss and collaborate on key issues affecting all parties
in this field. We all learned a lot, and, as demonstrated by One North East,
TFL, Peugeot - Citroen and Nissan, and many other participants, electric
mobility is just a stones' throw away from implementation."

"It was a great pleasure and privilege to chair the most prestigious
Electric Vehicles event in the calendar this year because the quality of the
speakers, the depth of discussion and the level of attendees were
exceptional," said Frost & Sullivan Senior Consultant, Nick Ford. This
sentiment was echoed by many participants. Tobias Reich of PSA said, "This
was the best EV event I have attended so far. The quality of the contacts was
very impressive. I networked and developed relationships with potential
partners for us in the market." "Frost & Sullivan provided a holistic view on
current and future opportunities in the industry," added Ramon Bastida of
Eaton Corporation. "Congratulations for the organisation and both superb
locations, all together more than perfect," agreed Patrick Martinoli of
Orange.

For more information about Electric Vehicles Unplugged or future events
hosted by Frost & Sullivan please contact Monika Kwiecinska, Corporate
Communications, at monica.kwiecinska@frost.com, with your full name, company
name, title, telephone number, company e-mail address, company website and
country.

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    Contact:
    Monika Kwiecinska
    Corporate Communications
    P: +48-22-390-4127
    E: monika.kwiecinska@frost.com
    www.frost.com

Monika Kwiecinska, Corporate Communications, Frost & Sullivan, +48-22-390-4127, monika.kwiecinska at frost.com