Joule ready to drive in 2012 | ITWeb: "South Africa's first consumer electric car, the Joule, will require capital of around R5.5 billion over the next three years to bring to market.
This is according to Kobus Meiring, CEO of Optimal Energy – the Cape-based company that conceptualised and developed the Joule.
“We plan to start setting up a plant in 2010, with the first vehicles off the line in 2012,” says Meiring. He adds that the Eastern Cape is a very strong possibility for the location of the first plant, with the East London Industrial Development Zone being one of the front-runners.
The zero-emissions battery-powered electric vehicle was exhibited at the recent South African Automotive Week, in Port Elizabeth, which Meiring said went well."
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