The Electric Car Lives – Backed By U.S. Venture Capital, Norwegian Company Think Is Betting Its Ox Concept Vehicle Can Prove The Electric Car’s Time Has Finally Arrived
Date: 06/16/2008
Company: Think Global AS
Segment: Transportation, Vehicles
Source: BusinessWeek
Clean, quiet, and relatively profitable to produce, electric vehicles have had a rough start in the U.S.: Five years after General Motors (GM) nixed its innovative EV1 electric car program, just a handful of automakers have committed to making and selling electric vehicles on a mass scale any time soon.
Enter Think Global, a Norwegian upstart plotting a U.S. invasion via pint-size, affordable electric cars. Think has been selling gas-free, Lilliputian city cars in Europe and will start peddling them to fuel-crunched Americans in 2009. The company’s newly formed North American division has high hopes for Think’s existing models—and even higher ones for the upcoming Th!nk Ox, a concept unveiled at the Geneva International Motor Show earlier this year.
