$30,000 Electric Car in 2009: The XS 500 by Miles Automotive Group
Ever since we first heard about the Tesla Roadster, folks have been drooling over its sexy looks and lamenting its six-figure price tag. While that works for Jay Leno and Condoleeza Rice, many of the rest of us are left to smile nicely and hope that someone will come up with a battery-powered, zero emission (while it's driving, at least) car. While ZAP has promised a few, one is a 644-horsepower SUV and one isn't even a car (it has three wheels), so the market is still missing the sub-$30,000 electric sedan...until now (maybe).
Miles Automotive Group, featured recently at CNN Money, is promising the $30,000 Miles XS 500 to reach a top speed of 80 miles per hour and a range of 120 miles at 60 miles per hour; six hours of charging in a normal wall socket will top the batteries off. Founder Miles "Per Gallon" Rubin says he'll have 6 prototypes of the XS 500 by the fall, but they still need tinkering to get safety approval from U.S. regulators, plus do additional battery testing, meaning that the real deal could be here by 2009. "The cars will speak for themselves. You can PR it to death, but if it doesn't perform well, it's dead on arrival," he says. We'll just have to wait and see how true that will be. ::Miles Automotive Group via ::CNN MoneyInterested in electric cars? Check out: 17 Electric Cars You Must Know About