Think Global, a Norwegian automaker, has plance to sell an electric car in the United States by the end of 2009 that goes 110 miles without recharing and costs less than $25,000. According to the Associated Press, two venture capital firms are funding the U.S. operation, likely be based Southern California.
The car will be named Think City, is a two-seater with a top speed of about 65 mph. It will operate on sodium batteries and is 95 percent recyclable.
“It’s a mass-market vehicle,” Ray Lane of venture capital firm Kleiner, Perkins, Caufield & Byers to the AP. “Our desire is to be selling 30-40-50,000 of these cars in a couple of years.”
Think Chief Executive Jan-Olaf Willums said test vehicles will be brought to the U.S. in coming months.
Ford Motor Co. owned Think for five years, leasing vehicles in the U.S. before selling the company in 2004.
Nissan Motor Co. and Mitsubishi Motor Co., have announced plans to make all-electric cars.