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Electric Car Company, Inc. (OTCMKTS: ELCR) There is A Lot In A Name

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Electric Car Company, Inc. (OTCMKTS: ELCR) has seen a swift rise in recent days running swiftly off its triple zero lows and emerging as a volume powerhouse trading over 3 billion shares on Thursday representing over $20 million in dollar volume. There is a lot in a name and ELCR has a great one; Electric Car Company, Inc. stands out in the current booming EV market. Investors should be aware ELCR is listed as a shell on otcmarkets and has not put out a filing or a press release since 2010.

As stated in their 10k from back in the day (2010) We believe we are now in the enviable position of being among one of the first to provide high performance electric vehicle upgrades to the automotive market.  While competitors are working to build battery powered electric vehicles from the ground up, EVPC’s conversion approach translates into faster time to market and increased reliability for its customers.  The upgrade technique we use on our vehicles is pure electric.  Thus, we do not use any gasoline, diesel or bio-fuel.

Electric Car Company, Inc. (OTCMKTS: ELCR) used to be an SEC filer and filed a 10k back in 2010 however currently the Company is lited as a SHELL on otcmarkets.com. According to the 10k back in the day ELCR retained the exclusive services of Electric Vehicle Performance Conversions, LLC The company is a leader in the high-end automotive retrofit industry as well as high performance electric conversion technology.

The explosive growth of the hybrid vehicle market indicates a strong appetite for environmentally friendly alternatives to gasoline powered engines.  Interest in electric vehicles is currently at an all time high.  While electric vehicles were first developed and sold over 100 years ago, it has long been recognized that the weak link was the state of battery technology.  Recent significant improvements in battery technology have created an opportunity to overcome this weakness and make electric vehicles a reality. Electric Car Company confidence in this market stems from its research of five marketplace trends:

Several states provide significant (50% – 80%) tax credits for pure electric vehicle conversions which can be carried over for up to five years. Fleet Truck customers are currently buying 80,000 up-fitted vehicles per year and 640,000 stock vehicles per year.  Many fleet customers keep their vehicles for 15 or more years, thus providing a significant cycle life for payback of initial investment State governments are providing grants to both develop and replace powertrains of heavy duty trucks to current fleet owners to improve emissions by a minimum of 25% over existing fleet vehicles

Recent mass production of hybrid technology is establishing a supplier base of off the shelf solutions for zero emission, electric vehicle (“EV”) technologies necessary to convert a conventional vehicle into an EV. With recent nanotechnology developments driving significant LI-Ion battery improve-ments, we expect to see a 5 times improvement in range (1,000 miles) using a battery pack of the same size, cost and weight within the next three to five years

We believe we are now in the enviable position of being among one of the first to provide high performance electric vehicle upgrades to the automotive market.  While competitors are working to build battery powered electric vehicles from the ground up, EVPC’s conversion approach translates into faster time to market and increased reliability for its customers.  The upgrade technique we use on our vehicles is pure electric.  Thus, we do not use any gasoline, diesel or bio-fuel.

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ELCR

With 21 years in the high-end automotive retrofit industry, Paul Vaughn Liddle, CEP of EVPC prides himself on building, “the finest custom super-cars and electric exotics at an affordable price.”  At present, EVPC offers a line of EV exotic sports cars beginning at around $40,000 for an all electric “Porsche Boxer” or a little more for a “Porsche 911” and an electric “VW Phantom” with a price tag starting at $190,000.

ELCR was organized as a Delaware corporation on December 29, 2006 to produce and market its unique line of historical costumes and reenactment clothing lines through its  website with the registered domain name of WorldWideRelics.com.   On January 5, 2009, the Company’s Board of Directors resolved to spin-off its wholly owned subsidiary, World Wide Relics, Inc., a Nevada corporation, to shareholders of record on November 1, 2008 (the “Record Date”).  Shareholders as of the Record Date shall receive one share of World Wide Relics, Inc. for each two shares held in the Company on the Record Date.  The spin-off was effectuated with the filing of a registration statement on Form S-1 which became effective on January 15, 2010.

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Electric Car Company has seen a swift rise in recent days running swiftly off its triple zero lows and emerging as a volume powerhouse trading over 3 billion shares on Thursday representing over $20 million in dollar volume. There is a lot in a name and ELCR has a great one; Electric Car Company, Inc. stands out in the current booming EV market. As stated in their 10k from back in the day (2010) We believe we are now in the enviable position of being among one of the first to provide high performance electric vehicle upgrades to the automotive market.  While competitors are working to build battery powered electric vehicles from the ground up, EVPC’s conversion approach translates into faster time to market and increased reliability for its customers.  The upgrade technique we use on our vehicles is pure electric.  Thus, we do not use any gasoline, diesel or bio-fuel. ELCR used to be an SEC filer and filed a 10k back in 2010 however currently the Company is lited as a SHELL on otcmarkets.com. The Company has not put out a filing or a press release since 2010. We will be updating on ELCR when more details emerge so make sure you are subscribed to Microcapdaily so you know what’s going on with ELCR.

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Disclosure: we hold no position in ELCR either long or short and we have not been compensated for this article.

 

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