V-Vehicle to Build Possible Electric Car in Louisiana Plant

San Diego-based firm has applied for ARRA funds, strongly suggesting that the car will be either electric or a plug-in hybrid.

Published: 18-Jun-2009

MONROE, La. - A startup automobile company plans to assemble a new fuel-efficient vehicle in Louisiana, creating 1,400 jobs, state and company officials announced Wednesday.

San Diego-based V-Vehicle Co. will take over the vacant Guide Corp. plant in Monroe, Gov. Bobby Jindal said at a news conference. The state put up an incentive package of $67 million to fund improvements and expansion of the plant, while Monroe-area local governments put up another $15 million.

Former Oracle Corp. executive Frank Varasano, who founded VVC in 2006, said the company has applied for $340 million in loans from the federal government. The loans would come from a $25 billion pool of money approved by Congress in 2007 to spur automotive technology.


TREV two-place electric car

Student-built vehicle can do 0-60 in 10 seconds with top speed of 75 mph. Photo courtesy of University of South Australia.

The restored 70's vintage Comut-a-Car has a top speed of just over 40 mph and can make 30 miles on a charge. Screen capture from early brochure.

Hong Kong is not without EVs though. Private organizations like local utility Hong Kong Electric has its own small fleet of them.


blog comments powered by Disqus