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Message: Electrovaya Gears Up for Maya-300

Electrovaya Gears Up for Maya-300

posted on May 14, 2008 04:05AM

http://www.greentechmedia.com/articl...

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Excerpts

The company says the vehicle will be available in four or five months, while fleet-vehicle distributor CleanCities.com says sales could begin as early as July – and says the battery company could soon open up shop in the United States.

“Because Electrovaya USA is going to be opening in New York, we hope to get some NYSERDA (New York State Energy Research and Development Authority) participation, and our understanding is the state of New York is looking to place some fleet orders,” he said. “So there should be some volume from government fleets.”

Companies are jockeying for a leadership position, Koslowski said, adding that he expects to see merger and acquisition activity among small green-car companies in the next three to five years.

“Not all of these companies will survive,” he said then.

While Luis MacDonald agreed that the low-speed vehicle market is small today, the federal government is considering a change in the definition of low-speed vehicles that could allow them to take advantage of alternative-vehicle credits, he said. They aren’t eligible for credits today because the credits require the ability to drive on the highway, he said.

“Once that [change] happens, the projections are a hundred thousand,” he said. “That’s the kind of volumes manufacturers can ramp up on and make a market on.”




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