Business, Finance & Economics

Electric DeLoreans to go on sale in 2013 (VIDEO)


Vintage DeLoreans at Universal Studios Hollywood in University City, Calif., in Aug. 2007.



The DeLorean Motor Co. has announced it will produce an electric version of the DeLorean DMC-12, the iconic car from the 1980s that was used as a time machine in the 1985 movie “Back to the Future” and its two sequels.

According to Reuters:

Texas-based DeLorean has partnered with Epic EV (and its sister battery company Flux Power) to bring to market the prototype DMC-12 EV, with a top speed of 125 mph driven by a 260 horsepower electric motor. Range is between 70 and 100 miles and the battery has an expected lifespan of 7 years.

"The car of the future has really become the car of the future," James Espey, a vice president at DeLorean, told ABC News.

The cars will be built to order starting in 2013, and cost between $90,000 and $100,000 each, Reuters reports. They won’t come with time-travel capabilities, but they will have iPhone docks.

Only 9,000 DeLoreans were produced before the original company went bankrupt in 1982, ABC News reports. However, entrepreneur Stephen Wynne acquired the DeLorean name and a warehouse of spare parts in 1995, and his company has made eight to 10 gasoline-powered DeLoreans per year since 2007, priced at $57,500 each.

Espey told ABC News that the company is not taking orders for its new electric vehicle just yet. "But we're getting a lot of good feedback," Espey said. "People are offering to make deposits."