I recently noticed the press release for this nifty little new electric car that is produced by the Norwegian firm Th!nk Global. Ironically, Ford Motors actually developed this vehicle but sold it to Norwegian investors back in 2003. Ford Motor Company owned the TH!NK brand from 1999-2004.
While the four-seater has a 110 mile range and a top speed of 65 mph, studies have show that this type of performance is adaquate for almost all city drivers, as well commuters that have less than 20 mile commutes.
Th!nk Global also claims that the car is made from 95% recyclable materials, will cost less than $25,000, and become available in the U.S. in 2009. Recently Kleiner Perkins Caulfield & Byers, the leading venture firm that is investing in and accelerating Green technology solutions and policy innovations, has pumped additional funding into Th!nk so that they can expand into North America.
While I am certainly excited about the prospects of more and more companies getting into the electric car market, it is a shame that our Big Three are not leading the charge. The technology innovations required for these new cars should be coming from our own companies, and the manufactoring jobs would certainly be welcome in the Detroit area.
http://www.21stcentury.co.uk/cars/ford_th!nk.asp – Old Press Release from Ford on the Th!nk!
Again, at a time when electric car makers were praying for good news, Th!nk City came along and got laughed out of the industry with its lackluster product. The automaker went bankrupt not once, not twice, but three times before it was all said and done. In retrospect, the “cute” exclamation point in the name didn’t help, either