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There is still not much of an infrastructure for electric cars but that's not stopping companies like General Motors or Nissan from jumping into that market now there's another entry based on American battery technology.
We'll -- outside our studios where -- CEO Kevin zinger is standing by to show us the -- sit dead insert it about a minute and a half.
Tell me about this car and what I'm really interested in his range and office.
Sure Adam thanks so much for having me on.
This is a five passengers -- it's a car which were going to be bringing to the California market.
Starting this year we're going to have large scale test drives of cars in October and November of this year.
And then we'll start delivering cars to buyers and December of 2010 how much.
It is going to be with the federal and state.
Tax that subsidy and and state support in the mid thirties.
Mid -- yeah let's say you've coveted around the same you know before the tax credit around the same -- -- the -- about forty to 42000 but with a 7500 dollar tax credit.
I get this thing for about 34 -- In that range and a big big difference is that this is -- 100%.
Electric car OK -- gets a true minimum.
Hundred mile range that -- -- minimum hundred mile range because of the -- I think it's only forty miles so ideally this is a car for inner city driving where you can charge it overnight -- -- Yes it is a -- that really meets people's most people's normal day -- -- driving needs so if you look at the average person.
-- very very rarely drive over 35 to fifty miles a day whether it's taking their children to school or commuting.
Or running whatever -- they have -- on average.
California people only take.
Five drives a year that are over a hundred miles -- so this car will basically.
-- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- Where -- this thing may.
Well it it is made it about globally with a global set suppliers the engineering has been done here in the US.
Almost all of the main drive components of the car.
Come from US manufacturers like Borg Warner and -- and Delphi.
The battery system has been designed by -- itself and that's the primary differentiator so if you look.
Rather than use computer batteries we've created.
Eight real automotive grade battery system.
With a car that allows it to get that true minimum hundred mile range in all Weathers -- crossed all geographies in the United States Michael.
-- it Kevin Michael Casey here -- Michael hi there I listen I'm I'm it.
If you're coming up against some sort of big learning kind of -- so imagine not only -- you've got a brand recognition issue I would imagine against.
These big big nine class but also Americans sooners still obviously not really used to this sort of way of driving.
Put what you doing intensive education -- being you know what what sort of what's what's coming out of pocket tens of advertising blitzes and so forth because as a single episode changed since you've you -- -- think.
Well I think it's less changing consumer behavior and more educating consumers about what they actually do.
Mean most people don't realize that.
For the most part.
They never really drive over fifty miles a day and only very rarely do.
They do that and as I said in California it's only about five trips a year that they they use over a hundred mile range.
And there are tremendous benefits to having an all electric car as we know some part of it is an education process -- and -- they -- -- questions area back to new Yorker I -- I wanted to ask you where would I charge it.
How long would that take and if -- idling in traffic is that is that taking away from the charge.
If -- idling in traffic there's real no idling in terms good drive train you'll be taking.
Some of the draw -- the battery for your air conditioning and and your other accessories.
But that's really minimal.
So this car is a terrific car to have if you're in traffic in a New York City or Los Angeles.
Initially these cars because we believe that people are really going to rely on their home as -- filling station initially these cars are.
People who have homes and can bring the car home at night.
-- again and recharge that way if you're looking at typical 35 to.
It in New Rochelle commuter.
It's the person coming in from new recite the city -- cabinet to wrap up very quickly if -- hundred mile range with the air -- running right that's the minimum.
Correct we we think to have a true.
Usable all electric car got it needs to have a minimum hundred mile range and you need.
Thermal management that allows you to get that across all seasons we think were unique in the market in having that minimum range.
And a real thermal management system using American technology.
That allows us to have that range range be dependable all right Kevin zinger in one word available now or land as I got to wrap up.
We're going to start to take deposits this month.
And then we'll start to do large scale test drives in California in September with delivery of cars starting in December of this year in California Kevin zinger thank you very much with the coda sedan we wish you the best that -- -- cash or deferred arrangements like a 401K.
So hopefully like your 401K this car will pay off at the end when your -- it when you.
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