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Partnering with Progress Energy and Advanced Energy, Raleigh is paying for the cost of the installation on city property while Progress Energy is paying for the 8 charing stations themselves, the majority of the initial stations which will be located in the city’s parking garages downtown and near N.C. State University at a cost of $1000-$4000 each.

The stations are meant to prepare Raleigh for a time when electric plug-in and hybrid-electric cars are being driven by a significant percentage of drivers. Drivers will be able to use their credit card to access the stations and pay about 2.5 cents per mile to recharge their vehicle, [Mayor Charles] Meeker said. (NewsObserver)

“It should signal to everybody that certainly North America is going to be important to righting the ship, but basically the bread is going to be buttered out of Asia,” said Michael Robinet, vice president of global vehicle forecasts at CSM Worldwide. “GM fully understands that, and that’s the reason why they put more decision-making capability out of Asia for their future fortunes.”

GM sales in the US this year are down 37.7% to 1.1 million while sales in China are skyrocketing.

GM’s July sales in China through its joint ventures increased 77.7% to 144,593, which the company says makes it the best July ever in its books. For the first seven months of the year, GM’s China sales were up 42.8% to 959,035, according to GM.

In early August, GM celebrated the sale of its 1 millionth vehicle in China this year — a man named Ye Banjun purchased a silver Buick LaCrosse — with a giant cake.

“Asia is the shining jewel that they have,” George Magliano, an industry expert at IHS Global Insight, said of GM.

“If you look at GM going forward, they are a smaller company, they are more refocused. If they turn themselves around and they have resources … to put behind things, it’s going to be China and Asia.” (Freep.com)

“So far, China’s growth has exceeded anything anybody thought possible,” Mike DiGiovanni, GM’s executive director of global market and industry analysis, said in July.
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