CantorCO2e L.P. Retained to Arrange Forward Sales of Green Automotive's Carbon Credits

Green Automotive Company Corporation, announced today that it has retained CantorCO2e L.P. to market the Zero Emission Vehicle ("ZEV”) credits and carbon credits resulting from the sale of Green Automotive vehicles in North America.

Following the Company’s announcement last June that it was developing a carbon credit forward sale program which could result in an infusion of up to $60,000,000 or more into the Company this year, today the Company announced that it has retained CantorCO2e L.P as its sole and exclusive agent to market the Company’s ZEV and Carbon Credits to CantorCO2e’s clients who are prospective buyers.

"CantorCO2e has represented to us that they are a leading global provider of financial services to the world’s environmental and green energy markets since 1992 – longer than any other emissions broker," said Green Automotive President Fred Luke, "and have been offering transaction services, access to finance, advice and technology, and assisting its customers to participate in over 100 air credit and waste water markets to clients across the world, brokering trades with values in excess of a billion dollars. With this resume, CantorCO2e is well positioned to assist us in quickly penetrating the ZEV and Carbon Credit markets and monetizing the Company’s credits.”

About Green Automotive Company: Green Automotive Company Corporation is a U.S. public company involved in the import and distribution of Eco-friendly vehicles. The Company is presently planning to bring to the United States market late this year an All-Electric SUV and, in 2012, an all-electric MPV. The Company maintains its Corporate Office in Newport Beach, California and its Dealership Services Office in Lewisville, Texas. Green Automotive Company shares are traded on the OTC Market Tier--OTC Pink Current under the symbol "GACR." For more information visit www.usaelectricauto.com or write to info@usaelectricauto.com.

About CantorCO2e

CantorCO2e, L.P. is a leading global financial services provider to the world's environmental and renewable energy markets. The Company provides marketplaces where industry, government, and the public can take full advantage of environmental credit trading opportunities. CantorCO2e Services include Environmental brokerage, Continuous clear air auction, Trade clearing services, Custodial accounts, Emissions trading seminars and consulting services.

Established in 1992, Cantor Environmental Brokerage is the oldest environmental brokerage in the United States. It has brokered billions in environmental credits through regional offices, and is staffed with professionals with more than 100 years of emissions trading experience. CantorCO2e is active in more than 30 markets. For more information, please visit www.cantorco2e.com.

CantorCo2e is a subsidiary of Cantor Fitzgerald, L.P., a leading global financial services provider to the institutional, equity, and fixed income capital markets.

Safe Harbor Statement - This release includes forward-looking statements within the meaning of Section 27A of the Securities Act of 1933 and Section 27E of the Securities Act of 1934. Statements contained in this release that are not historical facts may be deemed to be forward-looking statements. Investors are cautioned that forward-looking statements are inherently uncertain. Actual performance and results may differ materially from that projected or suggested herein due to certain risks and uncertainties including, without limitation, ability to obtain financing and regulatory and shareholder approvals for anticipated actions. Such statements are based on management's current expectations and are subject to certain factors, risks and uncertainties that may cause actual results, events and performance to differ materially from those referred to or implied by such statements. In addition, actual or future results may differ materially from those anticipated depending on a variety of factors, including continued maintenance of favorable license arrangements, success of market research identifying new product opportunities, successful introduction of new products, continued product innovation, sales and earnings growth, ability to attract and retain key personnel, and general economic conditions affecting consumer spending. Readers are cautioned not to place undue reliance on these forward-looking statements, which speak only as of the date hereof. Green Automotive Company Corporation incorporates by reference its disclosure and financial statements posted on www.otcmarkets.com, and does not intend to update any of the forward-looking statements after the date of this release to conform these statements to actual results or to changes in its expectations, except as may be required by law.