Miles EV Raises $15 Million for XS500 Electric Car
by Michael Graham Richard, Ottawa, Canada 
on 02.26.08
After some confusion over how much it will cost, here are some good news about the XS500 electric car, the first highway-capable (80+ mph top speed, 120+ miles range) EV by Miles Electric Vehicles: The company has raised $15 million and the money is earmarked for further development of the XS500.
Last we've heard from Miles, the 2009 XS500 model is still projected to sell for "$30,000 to $35,000" in the United States. Lets hope they can pull it off. For more info on the car, see our previous post about it: XS500 by Miles. Via ::Edmunds. See also: ::Sporty Loremo Diesel will Have Electric Version Too, ::BYD F6DM: Will the First Plug-In Hybrid be Chinese?
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