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Polaris to buy Global Electric Motorcars LLC (GEM) from Chrysler

Green Car Congress

GEM has developed business-to-business sales expertise within the fleet and government vehicle markets, and has core competencies in make-to-order vehicle fulfillment and mobile service support. The six GEM passenger and utility models are legal on most streets with posted speeds of 35 mph or less.

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Pike forecasts NEV market to remain small, although with double the growth rate of light-duty vehicles to 2017

Green Car Congress

The total number of neighborhood electric vehicles (NEVs)—low-speed street-legal electric vehicles—on the world’s roadways will grow from 479,000 in 2011 to 695,000 by 2017, a 45% increase, according to a new forecast by Pike Research. Top speed is 45 km/h (28 mph). Source: Pike Research. Click to enlarge.

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