Russian billionaire Mikhail Prokhorov has unveiled a new hybrid car that is due to come on the market in 2012.Christened the e-Mobile hybrid car, the vehicle is the first in country, where motorists don’t often show much regard for the environment. The fuel-efficient vehicle is a joint venture between Mikhail Prokhorov’s financial holding company Onexim Group and car maker Yarovit.
Prokhorov, who also owns the New Jersey Nets, said that the E-Mobile is a joint venture between the carmaker Yarovit-Motors and Onexim group (Prokhorov’s financial holding company). The new car will have a fuel efficiency of 67 miles per gallon and will be able to reach a top speed of 81mph.
Prokhorov has reportedly spent $198.4 million on building and selling the hybrid, but it will be interesting to see how it is embraced in Russia. The country has never exactly been big on energy efficient technology, let alone automobiles. In light of that, Prokhorov is planning on releasing a hybrid mini-van and cargo van based on the E-mobile to appeal to more businesses.
The car, which is expected to sell for $14,500, is powered by a combination of electricity and petrol.