Miles Rubin, founder of Miles Automotive Group, wants to build an all-electric car that costs $30,000. It would be a zero-emissions vehicle with a top speed of 80 miles per hour and a range of 120 miles. Basically, the idea is to have this electric car compete head-to-head with a conventional sedan like the Camry. Rubin’s company already builds low-speed electric cars like the 2007 Miles ZX40S. It’s a four-seat sedan that operates at a top speed of 25 mph with a driving range of 40 to 50 miles on a single charge from regular house current.
There will be challenges bringing the new sedan to market though. Some say that the car will be flimsy and cheap and never live up to its claims. But Rubin said he’ll have 6 prototypes of the XS 500 by the fall, but they still need tinkering to get safety approval from U.S. regulators, plus do additional battery testing.