Top CEOs Set Up Electrification Coalition

Some of the most important business leaders came together to form the Electrification Coalition, a not-for-profit organization born to promote policies and actions that will facilitate the deployment of electric vehicles on a mass scale, in order to mitigate the economic, environmental, and national security weaknesses caused by the current dependence on petroleum.

"It is time for business leaders and policymakers alike to step up,"
said Frederick W. Smith, Chairman, President & CEO of FedEx Corporation. "Our unrelenting dependence on oil has threatened our nation for too long. Up to now, electrification seemed like a pipe dream. But we are offering a realistic, practical, achievable plan to build a transportation system that will enhance our national security, propel economic growth, and reduce carbon dioxide emissions."

The newborn coalition has a specific vision: by 2040, 75 percent of light-duty vehicle miles traveled in the United States should be electric miles. As a result, oil consumption in the light-duty fleet would be reduced by more than 75 percent, and US crude oil imports could effectively be reduced to zero.

"The first electric vehicles will be delivered in 12 months," added Carlos Ghosn, President & CEO of Nissan Motor Company. "The widespread acceptance of zero emission cars will require more than the efforts automakers can provide on their own. Public and private collaboration will be the key to mainstream acceptance."

Members of the Electrification Coalition are listed below:
  • Timothy E. Conver, Chairman, President & CEO, AeroVironment
  • Peter L. Corsell, CEO, GridPoint
  • David W. Crane, President & CEO, NRG Energy
  • Kevin Czinger, President & CEO, Coda Automotive
  • Peter A. Darbee, Chairman, CEO & President, PG&E Corporation
  • Seifi Ghasemi, Chairman & CEO, Rockwood Holdings
  • Carlos Ghosn, President & CEO, Nissan Motor Company
  • Ray Lane, Managing Partner, Kleiner Perkins Caufield & Byers
  • Richard Lowenthal, Founder & CEO, Coulomb Technologies
  • Alex A. Molinaroli, Chairman, Johnson Controls-Saft and President, Johnson Controls Power Solutions
  • Reuben Munger, Chairman, Bright Automotive
  • Frederick W. Smith, Chairman, President & CEO, FedEx Corporation
  • David P. Vieau, President & CEO, A123 Systems
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