Posted by
Aaron McLucas on Friday, May 30, 2008 11:21:53 AM
Norway is in on the new wave of electric cars that trying to infiltrate the American car market. This
Wall Street Journal article explains.
"What we have is a city car so we would focus on big cities," Mr. Willums said, noting that Think may focus on markets on the West Coast such as San Francisco and Seattle. "But we think there's an opportunity for us also on the East Coast, or any city in the U.S. that wants to encourage use of pollution free electric cars. We don't care if it is in Texas, we will be there."
Good luck with that.
The real story is the weak American dollar, combined with the high price of fuel, and how that is making these enterprises possible.
Mr. Willums said Think's North American executives, among other tasks, are currently looking for a site to produce the City. "Because of the dollar's extreme weakness, it doesn't make sense to ship cars across the Atlantic." The Norwegian executive said Think would like to see which state and city could provide the "best deal," referring to investment incentives such as tax breaks.
If they make it happen, somebody will get rich of of this. If I only I had a couple of million to invest?!