Key Your Eye on Iacocca

Former Chrysler Corp. CEO Lee Iacocca has lined up 90 dealers to sell his new electric bicycles and may take his company public in a year.

He unveiled the first electric bikes from his company, EV Global Motors at the recent National Auto Dealers Association meeting. The bikes, which are being shipped now, will be sold at automobile dealerships and other locations in Arizona, California, Florida and Hawaii. The basic model costs $995; a deluxe version is $1,300.

Next year, the company will produce an electric scooter, to be followed by a tandem bike and a small delivery EV. His “vision,” is to get EVs into families via the youth, then later sell them larger EVs, “maybe a minivan.”

EV Global Motors: http://www.evglobal.com

Source: Calstart News

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