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EV Innovations (EVII.OB) Catches Eye of Popular Mechanics with Entry into X-Prize Competition

Source: http://Blog.QualityStocks.net/?p=15060
Posted on Thursday, April 9th, 2009 | In Market Commentary, Small & Micro Cap
Contributed by: QualityStocks (http://QualityStocks.net) -

Not being the first time EV Innovations has caught their attention, Popular Mechanics has once again featured the company and its 100% lithium-powered vehicles. As many auto enthusiasts already know, the 2009 New York International Auto Show is currently in progress. Unfortunately it hasn’t turned out to be much of a battlefield, according to Popular Mechanics, with the exception of EV Innovations’ latest vehicle.

EV Innovations’ Wave is a curvacious plug-in electric two-seater that boasts a range of up to 200 miles, a top speed of around 80 mph, and an affordable price tag just north of $30,000 when it becomes available to consumers next year. The vehicle is far less expensive than the company’s electric supercar, the Inizio, which can reach 170 mph, has a range of 200 miles between charges and will cost appox. $139,000 when it hits production late this year or early 2010.

The company is still in the process of deciding which of its two electric vehicles is going to enter in the X-Prize competition. “We have to decide which one we put out there to get all the attention: The Wave, which is a car you can take to work every day, or the more powerful Inizio,” said Ron Cerven, EV Innovations’ program manager and director of product design.

Let us hear your thoughts: EV Innovations, Inc. Message Board

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