While Big Three automaker CEOs press for a federal bailout of more than $30 billion dollars with promises to put a chunk of that towards research and development of alternative fuel vehicles, one Colorado man has been doing his own R&D.
Satyendra Tripathi says he’s close to sealing a deal for a plant in Parker, CO that would immediately employ 200 workers to produce 50,000 vehicles.
CBS News in Denver reports that former car salesman Tripathi mortgaged his house in order to develop an electric car that will go hundreds of miles on a single charge.
CBS does not report on the type of batteries Tripathi’s cars will use. I assume it is not the long-lasting battery developed by Stan and [the late] Iris Ovshinsky in the early 90s, whose patent was bought by GM and sold to Chevron, where it’s been kept under lock and key ever since.
You can read more about Tripathi's car, called the Current, here.
Photo: Satyendra Tripathi's electric car, The Current, as featured on his website.
