Investor in Norway's Think All Electric Car Hopes for 50,000 Units Per Year Sales

SEE ALSO:Think in Geneva(Video)

Editors Note: During The Auto Channel's Press Pass coverage of the 2008 Geneva Motor Show, I was very impressed with the potential of both Think vehicles and the young energetic and enthusiastic designers and engineers who were in Geneva to promote their vehicle and company.
As many of you know we here at TACH are big supporters of the Electric Vehicle as the long-term solution to the addiction to oil as a power source for vehicles and the Bio-deisel Hybrid as a short term solution. While at the Think stand I asked the chief designer of Think if they were planning to fill the space behind the radiator and the front of the electric motor with a small bio-diesel engine and quickly create a practical 200+ MPG vehicle...stay tuned.

Click PLAY to watch the Think concept video and actual demo video

SAN FRANCISCO, April 21, 2008; Reuters reported that venture capital firm Kleiner Perkins Caufield & Byers hopes for sales of as much as 50,000 of its Think City all-electric cars per year in two or three years' time, a senior Kleiner executive said on Monday.

"It's a mass market vehicle," said Ray Lane, a managing partner at Kleiner and chairman of Think North America, a joint venture announced earlier on Monday. "In a couple of years, we hope to be selling 30-40-50,000 cars per year," Lane said at a press conference.

Kleiner's venture with Boston-based RockPort Capital Partners and electric car maker Think Global of Norway plans to start marketing Think City in the U.S. starting late in 2009.

He said Think City will be priced below $25,000.

The Think City will target Toyota Motor Corp's (7203.T: Quote, Profile, Research) "Prius-class customers," Lane said.