THINK to Expand into Delivery Van Segment

With their limited range and modest dimensions, most electric cars are best used in congested cities. Taking this fact into account, THINK announced today it will introduce two new delivery variants of their City EV. Designed to meed the demand for demand for small EVs for commercial use, the two variants should arrive sometime until the end of this year.

The first one, THINK's City N1 has a load capacity of up to 237 kilograms (523 lbs) or 700-liters in volume, and offers significant tax advantages in many markets.

“We see great potential for a range of electric vans based on the THINK City.  There are many customers for this type of vehicle, from city authorities to small businesses and postal deliveries.  These short hop, urban journeys are perfect for vehicles such as ours.  Demand in this segment is increasing across the world, it is an area of the market that has yet to attract strong competition and could deliver valuable scale economies to a niche player like THINK,”  said THINK CEO, Barry Engle.

The second offering will come in the form of the THINK Compact van that will arrive later this year. Its increased capacity of 900-liters was created specifically to cater for the needs of larger fleet customers, like the French Government’s UGAP program.

“We made huge progress in 2010 with the development of the THINK City, the start of production in the US, and entry into new markets.  We will step up the pace even further in 2011, developing THINK’s appeal with products such as the delivery vans, building our distribution network and focusing more resources on sales and marketing to increase market penetration,” Engle added.