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Technology Stocks : Energy Conversion Devices
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To: Futurist who wrote (2733)12/3/1998 3:43:00 PM
From: Don Devlin  Read Replies (1) of 8393
 

GM Unveils Longer-Range, NiMH-Battery EV1

12/3/98, Phoenix, Arizona - General Motors today unveiled its 1999-model EV1
electric car, which is now available with optional longer-range,
nickel-metal hydride (NiMH) batteries. GM says the NiMH EV1 will travel
75-140 "real world" miles on a single charge. It will be available in
California at a manufacturers suggested retail price of $43,995, which
equates to an approximate monthly lease payment of $499. The lease amount
includes a wall-mount, 220-volt inductive charger. A new, one-time fee of
$500 for standard installation of the charger will be available. According
to GM Advanced Technology Vehicles spokesman Jim Evans, existing EV1 lessees
will have the option of cutting their leases short and starting a new
three-year/36,000 mile lease. Those who have had their EV1s the longest will
be given first priority. Deliveries are scheduled to begin on Jan. 1. The
standard EV1 now comes with improved lead-acid batteries that reportedly
extend its range to 65-95 miles per charge.
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