Hybrid Technologies Inc. (HYBR.OB) Building Green Speed Vehicle
Hybrid Technologies Inc (HYBR.OB), based in Mooresville, NC, is currently developing a Tesla-inspired sportscar. Hybrid plans on developing an all-electric version that will be targeted for production and a gas-electric hybrid version that will be entered into the “Progressive Automotive X Prize” competition with Popular Mechanics (PM). Hybrid expects a drivable hybrid prototype, also known as X Prize car, to be completed by September 2008. Ron Cerven, a Hybrid project development engineer, stated, “We’re looking for this car basically to end up mainstream—not just built for a one-and-done. The X Prize car is going to be the purchasable—obviously a higher-end…