Will the Tata Nano EV Revolutionize Electric Cars?

NEW YORK (TheStreet) — One of the more intriguing exhibits at the 80th Geneva auto show, which began last week, was the electric version of the famously inexpensive Tata(TTM) Nano. Like its predecessor, the Tata Nano Electric Vehicle (EV) [pictured above] is compact, yet big enough to fit four people. Some consider it best-suited to be a city car, fitting, as it does, comfortably in small parking spaces.
Drivers of the lithium-battery car would also, presumably, more readily find outlets for recharging in the city. Thus, some have speculated that the Nano EV could set a new benchmark for affordable, environmentally friendly cars.

Given that the electric Nano’s gasoline-powered predecessor costs a mere $2,500, TheStreet wondered whether this new Nano could be equally as cheap — or at least cheaper than the electric cars currently found in the U.S. market. After speaking with Morningstar analyst Anil Daka, the answer to that question appears to be yes. “It’s probably going to be much cheaper than anything else out there, but you need to start from the scratch right?” Daka notes.
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Source: thestreet.com