The G2 sedan a LSV from Green Tech Automotive

Green Tech Automotive recently announced pricing for their MyCar and G2 sedan with the MyCar starting at $17,140 and the G2 sedan at $21,250. Green Tech Automotive is projecting to build 30,000 vehicles annually, down from earlier projections of 250,000 several years ago. Learn more:  Torquenews.com

Comment:  As the article notes, these price points are pretty high. They will be double or close to double the price of some of the other LSVs on the market. In addition these vehicles appear to be targeting the personal transportation segment of the LSV market. This is not the majority or the fastest growing portion of the LSV market. The biggest market for LSVs in recent years has been commercial/institutional uses such federal, state and local governments, colleges and universities and parks departments. As Polaris has found out with GEM this is a slower sales process than the consumer end of the market. The current LSV market does not have the demand to meet production volume of 30,000 vehicles annually. I would be surprised if Green Tech Automotive can even reach 10% of their target.