One more model of electric car will be coming on the roads in 2012, today it is EV Fiat 500. It is with lithium based battery and our iPod moment in Electric Cars is coming fast. With every new model and announced production decision strategic value of Lithium and REE will be coming on the radar screens of investors.
""The Fiat 500 is a small, lightweight platform perfect for integrating electric-vehicle technology," said Scott Kunselman, senior vice president of engineering for Chrysler.
Chrysler had planned to market three electric vehicles before Fiat became the controlling owner during its bankruptcy reorganization last year. Fiat shelved those plans, but today's announcement makes it clear that electric cars are clearly in Chrysler's future. Why?:
The great thing about electric vehicles is that they really aren't that complicated: The Fiat 500EV powertrain consists of a high-power electric motor, advanced lithium-ion battery and an EV control unit to manage power flows. The problem is usually cost, especially for the batteries.
Though the Fiat is an Italian car, all of the powertrain engineering and vehicle development will take place at Chrysler Group headquarters in Auburn Hills, Mich. Pricing will be announced closer to launch, but Chrysler vows it will be competitive with similar electric vehicles in the market.
The gasoline version of the 500 is due in the U.S. at the end of the year.
Chrysler already has a head start on electric vehicle development. It has 140 plug-in electric Ram pickups for a three-year demonstration project that includes various geographic and climatic locations across the USA."