The Auto Channel reported that RTEV, one of the pioneering electric vehicle (EV) companies to bring out affordable electric LSVs (Low Speed Vehicles), celebrated its official launch at Georgia Tech last May 6, 2008. Furthermore, the event took place at the Georgia Tech Hotel and Convention Center from 10am-12pm. The program was highlighted by a short presentation and Q&A followed by EV test drives.

The electric vehicle industry is on the cusp of remarkable development due to technological advances in the batteries and chargers used to make this things work, rising gasoline prices, increasing consciousness and apprehension over global warming tendency and a yearning to reduce U.S. need on foreign oil and its political implications.

"People are looking at their vehicles and looking at their drive cycles and saying 'Maybe I can use a battery EV in a way that makes a lot of sense,'" says Brian Wynne of the Electric Drive Transportation Association.

"There is a perfect storm of macro-events that are causing the American public to take personal inventory of their habits across a wide spectrum which includes personal transportation, and RTEV is entering the marketplace at this pivotal time. The long-held assumption has been that EVs are quirky and impractical for everyday life, and are of interest to only a small group of tree huggers. The more recent state of the market has been the development of vehicles that aim high-like Tesla and Fisker Automotives sports cars; and low-like NEVs and Golf Carts. Our vehicles will fill a middle market demand gap at the right time, with the right vehicles and a national dealer network to provide service and support," says CEO Mike McQuary, serial entrepreneur and the ex-president of internet service providers MindSpring and EarthLink.