Electric MINI in 2008 – Only $59K

Hybrid Technologies, out of Nevada, is developing an electric Mini Cooper that uses lithium batteries and will be available next year for $59,000. The Hybrid Technologies site lists the MINI’s range as 120+ miles, but Frank Ziegler, Hybrid’s director of sales and distribution, apparently said it would be 160 miles. Assuming a gas price of $3 per gallon, you’d have to keep the car for at least 14 years to recoup the additional investment!

I think I’ll wait for the diesel version.