Vehicle Finance

American auto maker Chrysler has unveiled three electric-powered model, and promises to release one in the US sometime in 2010. The three prototypes were a sporty Dodge, a four-door Jeep Wrangler, and a Chrysler Minivan. The Dodge sports car is completely electric, but the Wrangler and the minivan will be extended-range vehicles similar to General Motors Volt, which will go on sale in November 2010. Like the Volt, all three Chrysler vehicles are recharged by plugging them into a standard wall outlet. The sports car will have a range of up to 200 miles, while the minivan and Jeep will travel 40 miles on battery power alone, with a small engine kicking in after that to recharge the batteries and extend the range to 400 miles. Chrysler wouldn't discuss pricing. GM's Volt is expected to cost $30000 to $40000 initially, far more expensive than most conventional cars. Chrysler officials said they hope to drive down the cost as more vehicles are sold. With gasoline near $4 per gallon, automakers are scrambling to roll out more efficient small cars and electric vehicles. Chrysler is hoping that government loan will help the Michigan car maker bring an electric vehicle to market. Chrysler also unveiled the Peapod, a new

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