Clean Tech’s Impact on Recessionary Times

Steve Westly, The Westly Group

When orders for Tesla cars outshine orders for the GM Saturn, Steve Westly takes this as a sign that clean technologies are going to help lift America from the recession of 2008/2009. He points to other indicators, such as that abundance of clean tech company IPO’s, that will also help add new stems and leaves to the economy. As an aside, he also parallels the difference between US start-ups, enabled by the safety net of a VC-backed ecosystem, and their Chinese counterparts, who are forced to be profitable immediately or shutter.