Norwegian firm seeks to charge into US electric car market

January 27, 2010 by Rob Lever
An electrical outlet connection is seen on the side of the Think City electric car at the Washington Auto Show at the Walter E Washington Convention Center in Washington, DC. With a jump-start from a new quick charging system, Norwegian electric carmaker THINK is taking aim at the US market with a new assembly facility set to begin operations later this year.

With a jump-start from a new quick charging system, Norwegian electric carmaker THINK is taking aim at the US market with a new assembly facility set to begin operations later this year.

The maker of quirky plug-in electric minicars, which has been operating in Europe for 19 years, is among a number of small and large players looking to cash in on what is expected to be a growing market for .

THINK chief executive Richard Canny said at the Washington Auto Show this week that the company expects to begin work this year at an assembly facility in Elkhart, Indiana, and begin production in early 2011, with the goal of producing as many as 20,000 vehicles a year.

Canny, an Australian who spent 25 years with Co. in various locations, said the tiny startup is able to compete against some of the automotive giants in the marketplace.

"Unlike the market for conventional cars, the playing field is more level in the electric vehicle market," Canny said in an interview with AFP.

"THINK has 19 years of experience. We build cars that start in the Scandinavian winters. The speed of a small company like ours will offset the scale of the large companies."

US sales will begin later in 2010 from cars produced at a facility in Finland, Canny said. Initial sales are likely to be to company or government fleets, although some direct sales to consumers may take place as well, he noted.

The privately held group is backed by investors from the US and elsewhere, with a large stake held by EnerDel, an Indiana manufacturer of lithium-ion batteries that will be the supplier for THINK cars in the US.

A boost for the startup automaker came with an announcement Tuesday by a developer of vehicle charging systems that claims to provide an 80 percent charge in 15 minutes, at a price of just two to three dollars.

THINK will work with California-based AeroVironment, Inc. on the new charging stations that will be installed in major cities. The fast-charge system employs a protocol developed by Tokyo Electric Power Company and has been used on development vehicles.

"This is a major leap forward for electric vehicles," said Canny. "The development and deployment of very-fast-charge stations will help speed the electrification of automobiles in the United States and globally."

THINK has sold about 1,600 vehicles in Europe, but only a few hundred are the new generation THINK City, which has top speed of more than 110 kilometers (70 miles) per hour and a range of more than 160 kilometers (100 miles) per full charge.

Canny said the car is likely to be sold at under 30,000 dollars, and that volume may eventually bring prices down to the "low 20,000 dollar" range. Although the price is higher than many conventional cars, that is offset by the fact that it is virtually maintenance-free and has operating costs of about two cents per mile, or less than a penny per kilometer.

Amid surging interest in electric cars, Canny said the company is not yet profitable but "we are moving toward profitability."

THINK is not alone in the race for the electric car market.

Another startup, US-based Wheego, announced at the Washington Auto Show that it would begin sales of its all-electric car this year in the United States at under 35,000 dollars.

"We're five guys in Atlanta, so we don't have the overhead some of the bigger companies have," said marketing director Les Seagraves.

Some analysts say the road may not be smooth for electric cars in the United States.

A study by Boston Consulting Group found that electric-car battery costs are expected to fall sharply over the coming decade, but are unlikely to drop enough to spark widespread adoption of fully electric vehicles without a major breakthrough in technology.

"For years, people have been saying that one of the keys to reducing our dependency on fossil fuels is the electrification of the vehicle fleet," said Xavier Mosquet, leader of BCG's global automotive practice and a coauthor of the study.

"The reality is, electric-car batteries are both too expensive and too technologically limited for this to happen in the foreseeable future."

Explore further: Tesla unveils groundbreaking electric car

Related Stories

Tesla unveils groundbreaking electric car

March 26, 2009

US automaker Tesla Motors unveiled Thursday its state-of-the-art five-seat sedan, billed as the world's first mass-produced, highway-capable electric car.

Proton goes Dutch in electric car tie-up

March 31, 2009

Malaysian automaker Proton has said it will manufacture electric cars for eco-conscious markets in Europe and the United States, in a deal with Netherlands-based Detroit Electric.

Electric cars rolling out

December 16, 2009

( -- Electric vehicles are far from new, but we are still a long way from electric cars being the norm. Now two new electric cars may bring that goal a step closer.

Electric car Think to be assembled in US in 2011: report

January 5, 2010

Think, an electric car maker based in Norway, will assemble its vehicles in the United States next year and hopes to roll out more than 20,000 units a year, the Wall Street Journal said on Tuesday, quoting the group's chief ...

Recommended for you

The ethics of robot love

November 25, 2015

There was to have been a conference in Malaysia last week called Love and Sex with Robots but it was cancelled. Malaysian police branded it "illegal" and "ridiculous". "There is nothing scientific about sex with robots," ...

Tandem solar cells are more efficient

November 23, 2015

Stacking two solar cells one over the other has advantages: Because the energy is "harvested" in two stages, and overall the sunlight can be converted to electricity more efficiently. Empa researchers have come up with a ...


Please sign in to add a comment. Registration is free, and takes less than a minute. Read more

Click here to reset your password.
Sign in to get notified via email when new comments are made.