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  • nygogo nygogo Sep 16, 2012 8:46 AM Flag

    Last week Duane Reade, perhaps the most recognized drugstore chain in New York, announced that it would add 10 all-electric delivery trucks from Smith Electric Vehicles to its fleet. In doing so, Duane Reade joins the growing list of companies that are taking a leadership position in fleet electrification—FedEx continues to build on its commitment to electrifying its fleet, and Frito-Lay, Staples, Coca-Cola and others continue to deploy cleaner, more fuel-efficient vehicles. 

    all chain stores must Consider EVs in order to save bottom line

    Sentiment: Strong Buy

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    • In 2000, fewer than 10,000 hybrid electric vehicles were being driven on U.S. roads, and only two models, the Honda Insight and the original Toyota Prius, were available worldwide. In 2010, more than 1.4 million U.S. motorists drove hybrids, and 30 models, from carmakers in Asia, the U.S., and Europe, were on the world auto market. Ford, the number-two automaker in the U.S., has predicted that by 2020, one of every four cars it sells will have electric power, either as a hybrid or as a 100 percent electric vehicle (EV).

      Sentiment: Strong Buy