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Europe: SMEs launch electric car push

GENEVA – Small and mid-sized firms are jumping into the electric vehicle market in Europe, hoping that their niche product and the buzz surrounding green cars generated by major automakers would help propel their success.

Most of them have been around for just five or six years, and count just a handful of employees.

Lumeneo, a French company based close to Paris, is a case in point.

“The idea is to build very small cars to resolve parking problems in town and it’s because of the size constraint that we decided on the electric car,” said its marketing director Xavier Moulene at the Geneva Motor Show.

The company, which has a factory in eastern France’s Vosges, has developed a small two-seater measuring 2.5 metres long and is showing its future four-seater at the car show, which opens Thursday to the public.

The firm has just begun production and “we hope that next year we will build between 500 and 600,” said Moulene
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