Chrysler aims to have electric cars in three to five years

DETROIT (Reuters) – Chrysler LLC is planning to launch all-electric vehicles in the next three to five years, the latest automaker to join the race to produce cars with fuel-saving technologies.

Chrysler’s new Envi unit, which was created last September, is developing vehicles that are intended to run on battery power alone for about 40 miles, Chrysler spokesman Nick Cappa said on Monday.

“The group is looking to have a product available in the marketplace in the next three to five years,” Cappa said.

Reuters