Green Automotive Completes Rebuilding of Management Team: Stephen Aust Joins as President and Advisory Board Finalized

Green Automotive Company Corporation (Pink Sheets:GACR) announced today that Stephen Aust, Chairperson of the Company’s Advisory Board, will now wear two hats as he agrees to also serve as the Company’s President. In addition, Aust reported that his Advisory Board will be complete by November 15, 2010.

Aust agreed Wednesday to accept the offer to serve as the Company’s President, following the emphatic crushing by California voters of Proposition 23, sending a clear "No” message aimed at suspending a landmark law - the Global Warming Solutions Act - mandating reducing carbon emission output by 25% to 30% by 2020. The Act became California law in 2006 and should now proceed to take effect in 2012.

"Proposition 23, otherwise known as AB32, was aimed at suspending a landmark law - the Global Warming Solutions Act – and was apparently heavily backed by a coalition of big oil companies (perhaps the biggest carbon polluters in the U.S.). Californian’s said ‘No’, removing one of the last ‘unknowns’ from our equation,” said Mr. Aust. "Aside from the obvious environmental benefits that will come from cutting carbon emissions, the defeat of Proposition 23 should give a huge boost to the green/alternative energy sector in America, already moving quickly forward (on track to rack up roughly $10 billion in sales by the end of this year, with sales projected to total about $80 billion by 2015) along with Green Automotive Electric Vehicles and other alternative energy consumers and producers who can now expect to begin reaping the benefits of their years of efforts.”

"We are delighted to welcome Steve to ‘Team Green Auto,’” said Daniel Elliott, Chairman and CEO of Green Automotive. "Steve brings a wealth of knowledge and wide ranging connections from his years of involvement with the U.S. automotive and financial industries, from his personal network and continued involvement with California political contacts, and from his high profile sports and entertainment celebrity relationships.” Adding, "I see a real opportunity here, with this unique and experienced management team, to achieve the company’s goals within a short timeframe as previously planned,” Mr. Elliott said.

Mr. Stephen (Steve) C. Aust, age 52, has built a career of solid business experience that spans over 30 years. Since 1991, with his partner A. C. Green and others in the investment banking firm of Bond, Aust and Green, Steve successfully completed over $100M in venture capital for numerous companies, and has played a pivotal role in the development of many direct sales companies and numerous dot coms. Among these firms is the Video Home Shopping Network.com where he raised $8M, Visionquest.com where he raised $2.5M and 2Extreme Sports.com where he not only raised $5M, but also took the company public.

In addition to his Investment Banking experience, Mr. Aust has had a very successful career in the automotive industry. He served on the management team of the West Coast Division of Hendrix Automotive where he and his team took Hendrix Automotive sales to record levels and became the number one auto dealership in the U.S. In 1995, Mr. Aust also worked with Donald Trump and secured $12M in initial financing to partner in the development of the Wall Street Café theme restaurant at 40 Wall Street in New York City’s financial district.

Mr. Aust attended Pepperdine University in Malibu, California, receiving a B.S. in Business Administration from Southern Oregon State University in 1982. While at Pepperdine University, Steve played Division 1 Basketball leading him to a professional basketball career in the European League as well as in the Summer League with the Los Angeles Lakers. During his time on the Lakers squad, Steve’s teammates consisted of A. C. Green, Magic Johnson, Wilt Chamberlain and other world-class players.

About Green Automotive Company Inc.:

Green Automotive Company is a U.S. public company and the exclusive importer/distributor of Zotye Electric Cars/SUVs to North America. The company’s shares are traded on the Pink Sheets under the symbol (GACR). For More Info visit www.usaelectricauto.com or write to: info@usaelectricauto.com.

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, 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.