Daily Management Review

High Performance All-Electric car by Genovation to be showcased in September


07/13/2015




High Performance All-Electric car by Genovation to be showcased in September
The all electric car being developed by Genovation Cars would complete assembly by the end of July and then go in for a three week trial period. The prototype being created is called the Genovation Extreme Electric or GXE. The prototypes model is based on a 2006 Z06 Corvette.
The project is being contributed by several experts that include an MIT electrical engineer and a mechanical engineer from Cosworth. The company claims that the prototype is designed to reach a top speed of over 200 mph while it reaches 60 mph from zero mph in just three seconds. This is made possible by the use of state of the art inverters, batteries and electric motors that generate and combined power of more than 700-hp and torque of 600 lb-ft, says Andrew Saul, CEO of Genovation.
With an optimized low centre of gravity, the prototype would be able to travel a distance of 150 miles on a single completely charged battery. The low centre of gravity would give the car near 50/50 weight distribution. All the comforts of the conventional cars like power steering and power brakes, air conditioning and heating systems would be available in the prototype powered by the electrically rechargeable battery.
Genovation believes that the prototype would be one of its kind all electric car in the market with a lot of the features of a conventional car and yet be completely environment friendly. Compared to other electric cars already in the market, the GXE would be superior in terms of functions and performance. For example, the typical electric car can reach a distance of about 80 miles on a single full battery charge except high end cars like Tesla's Model S which is priced at $ 100,000.
The electric car market is expanding and the demand is increasing. According to a report by the Centre for Solar Energy and Hydrogen Research, more than 320,000 new electric vehicles were registered in 2014 which puts the total global market for electric vehicles to up to 740,000. Researchers believe that the demand for electric vehicles would increase seven times by 2020.
One of the prime reasons for the growing demand is government efforts through tax cuts and incentives for using electric cars and the increasing convenience of recharging o the road.
Post the completion of the tests, the GXE would be run to try and set lap records at various raceways. Company sources said that the car would also attempt to break the speed record for an electric car this fall that is being currently held by a Finnish prototype at 177 mph. The prototype by Genovation would be showcased at the Electric Vehicle Technology Expo in Michigan in September.
There was also a bit of good news for US citizens who plan on purchasing an electric car in the next 4 years. The federal government’s Department of Revenue has just announced extension of the subsidy incentive for cars running on alternative fuel till 2019. However the maximum threshold for the subsidized car would be at $ 35,000 or less. 

(Sources: http://www.businesswire.com & http://www.kvewtv.com)







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