Wednesday, September 22, 2010

Miles Ahead of Gas

Electric vehicles are becoming more prominent in both the consumer and commercial markets. Consumers want "greener" cars and low gas prices, while commercial fleets look to minimize maintenance costs and fuel costs, as well.

MILES, a smaller manufacturer of electric vehicles, is an emerging company of the electric market. It currently produces two low-speed models, targeted towards different institutions as well as well as the the city-dwelling consumer. A company such as MILES is important for promoting change as companies look to make their fleets more efficient. Since the practical electric car is still out of the hands of the everyday consumer due to low competition and brand new technologies, an expansion of the commercial market allows for R&D to take place at the expense of larger companies who are willing to indirectly fund these startup electric automobile companies.

As MILES continues to expand, their features will only become better, and their pricing more and more affordable (their price is already around $20,000 for a base vehicle). A company like MILES holds a pretty promising future for itself, especially as the demand for these efficient cars continues to rise

Source:
www.milesev.com


1 comment:

  1. Jack, this is a good summary but you also need to include your opinion on the matter.

    ReplyDelete