Report Highlights Rapid Growth and Significant Future Opportunity for California's Clean Transportation Technology Industry

By CALSTART, via Market wired. 

PASADENA, CA--(Marketwired - August 08, 2016) - A new CALSTART report indicates that California's climate and energy policies are not only helping to protect the environment and improve air quality, but are also helping to accelerate growth of the clean transportation technology industry in the state. 

The report, "California's Clean Transportation Technology Industry: Time to Shift into High Gear," profiles the development of a burgeoning manufacturing sector that is producing zero- and near-zero emission light, medium and heavy duty vehicles, as well as clean fuels, engines, vehicle components, and new mobility services.

"This report shows that California's forward-looking air quality, climate, and energy policies -- like AB 32 and the Low Carbon Fuel Standard -- along with incentive funding are creating jobs and making California a leader in the fast growing global clean transportation technology industry," said CALSTART President and CEO John Boesel. "What we are finally seeing is a tremendous synergy between the state's policies, its culture of innovation, and its human capital. These factors together over the past five to seven years have created nearly 20,000 new high quality jobs in the state," Boesel said.