Modec Electric Van Selling Well

Modec recently announced a 100 vehicle order for their all electric urban delivery van.  ElecTruckCity, their new distributor based in Paris, placed the order and has already sold 40 of the vehicles to customers.  The order is worth about $4.9 million USD or approximately $49,000 per vehicle.

The electric van received EC Whole Vehicle Type Approval allowing it to be sold across Europe without gaining country by country approval.  The company is currently seeking government approval to begin sales in the United States. The vans were designed from the start as battery powered vehicles and specifically for urban use. They have a range of 100 miles, a top speed of 50mph and a 4,000 lb payload.

Modec sees great market opportunities for the vehicle as management expects to be producing the vehicle on three continents in five years and reach a total annual production of 50,000 vehicles.  Last year 100 vehicles were produced and that figure is expected to increase to 400 in 2009 and 1,200 in 2010. Learn more:  Birminghampost.net

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