Tuesday, June 14, 2011

Think in trouble as Norwegian EV market booms

Think, maker of the Think City, is in trouble, Norwegian business newspaper E24 reports. It's not paid it's bills since February, according to Swedish parts supplier AQ Wiring Systems.

At the same time, sales of electric cars are booming in Norway. The iMiev has become the fastest selling car in its segment, beating out gas vehicles. 764 new electric cars were registered in the first five months of the year. During the same period last year, the number was only 123.

[Source: E24]