The man who brought us the Yugos and imported the first Subaru to the American shores will now bring a plug-in electric hybrid. The luxury sedan EVX/LS will be fuel-efficient and is likely to give an economy of more than 100mpg. Bricklin plans to build the car by 2010 and win the Automotive X-Prize with a production model.

Bricklin’s Visionary Vehicles Operations revealed a ¼-scale model of the proposed hybrid. The car is called Bricklin Collection Plug-in Hybrid Electric Luxury Sedan EVX/LS. The five-seater may sell for $35,000. Batteries may carry the car for 40 or 50 miles, after that a gasoline engine gets to work to power the car and charge the batteries. The batteries may also be charged through the conventional electric outlet.

Bricklin says his Visionary Vehicles operation retains 26 of the original 28 dealer partners as investors. Announcement for a $50 million capital would be made by the end of this month. He says he is in conversation with his Chinese partners but hopes that his hybrid is manufactured in USA. He hopes that he might get one of the recently closed factories for free from the domestic manufacturers; this will also fall in place with his low-cost production goals.

[Via: Autoweek]91843