Electricity and Cars

It seems that the competition in electric cars will soon be the next big race for companies. Just when ZENN Motor Co declares its plan for a better energy technology for cars , its the turn of ExxonMobil, the oil and gas behemoth.

ExxonMobil is all set to back up Electrovaya with around $500,000 investment on their electric car project - the Altcar. Electrovaya is a low-speed electric vehicle maker making a larger push for vehicle technology. The team seems to work out a fuel efficiency through synthetic blends and lightweight plastics unlike Texas based EEStor which intends on better battery technology.

The car that Electrovaya intends to launch with these joint endeavors is Maya 300. The launch is scheduled for 2011 and a 4 seater Maya 300 may cost anywhere around US$ 25000. Now this is not a highway capable elctric vehicle like other companies are planning to launch. It seems electrovaya have their own strategy with these low speeders.

Though there are many other companies getting funded for their plug-in vehicles and ready to launch in the next few years, the biggest rivalry may come from China-based automakers like BYD Auto.