Greentech Automotive, maker of the MyCar LSV, had their request for incentives to build a factory rejected by the state of Virginia before receiving help from Mississippi where they opened a plant in Tunica last summer.  The rejection, based on the lack of viability of their business plan, is currently of interest because the company chairmanTerry McAuliffe, formerly Chair of the Democratic National Committee, is now a gubernatorial candidate for Virginia.  Virginia officials questioned whether the goal of selling 100,000 MyCars was realistic given that the company “… lacked brand recognition, had not demonstrated anything about the vehicle, did not have emissions approval from the EPA, had no distribution network, and had nobody in executive management with experience in automobile manufacturing.”  Greentech Automotive is positioning the $10,000 MyCar as an affordable electric vehicle alternative to much higher priced highway speed EVs. Learn more:  Torquenews.com

Comment:  While LSVs have developed their niche and can be used in a variety of commercial and consumer applications, their sales have never approached the level that MyCar is predicting.  Their target of 100,000 would surpass what has cumulatively been sold in the US to date.