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http://www.ctv.ca/servlet/ArticleNews/stor...tos&no_ads=

Detroit Electric's chief scientist, Frits van Breemen-Schneider, who invented the motor, said it is four to 12 times lighter than existing motors and has a much higher power-to-weight ratio. It can produce 5 kilowatts of power per kilogram, whereas the best electric car in existence can only produce 0.25 kilowatts per kilogram, he said.

The $24,000 price tag of the car will be more expensive than conventional vehicles in Malaysia, though the additional expense would be offset by fuel savings. The car battery will have a life span of 200,000 kilometers.

The company is majority owned by Lam, a British citizen, and has entered into a partnership with several Dutch, American and Malaysian investors with an investment of about $300 million over the next five years.

They are targeting about 30,000 vehicles worldwide within the first year, ramping up to 270,000 vehicles in the third year.

The cars will have a range of about 200 miles on a full charge after keeping them plugged to an ordinary electric power outlet for seven to eight hours.

Sounds like we'll be seeing a lot of these electric vehicles in the next two to three years.

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