Dynasty IT Utility electric car
Dynasty Electric Motorcar Corp. sales manager Nick Banks is faced with the painfully pleasant problem of having demand for his company's low-speed, neighborhood electric vehicle outpacing production.

This Dynasty Lives On

EV World talks with Nick Banks during the 2007 AFVi conference + expo about his company's fortunes.

By EV World

In the late 1990s there were two "It" vehicles.

One was the speculative name given to what would eventually become the Segway Human Transporter in the early days before much was known about Dean Kamen's brainchild. The other, and lesser-well-known "IT" was also a motor vehicle, but only slightly more conventional than Kamen's. Dynasty's IT boasted four wheels, four seats, a body not unlike the VW New Beetle. And like the other "It", this "IT" was also electrically-propelled, but at twice the speed of the self-balancing model code-named "Ginger."

According to Dynasty Electric Motorcar Company's Sales Manager, Nick Banks, the original Dynasty company, based in Kelowna, B.C. was cranking out over a dozen vehicles a day during the height of the California "ZEV credit craze," as he puts it in this exclusive EV World video interview.

But when the federal government and the car companies successfully out-manuveured California's Air Resources Board and effectively stymied the state's zero vehicle mandate, the bottom dropped out the market for little ZEV credit multipliers like the "It".

It was Vancouver-based Commercial Body that stepped in and proposed a rescue, creating the new Dynasty company, which now is faced with the "perfect storm" of rising oil prices, concerns over global warming, the on-going tragedy in Iraq, and increasing awareness of the benefits of electric vehicles created by "Who Killed the Electric Car?", Tesla's brilliant-if-expensive Roadster and even GM's Volt concept car.

Click play button to watch 8-minute video

Of course, this "perfect storm" also presents a perfect opportunity to sell lots of cars, but that takes lots of money, so the company is also on the prowl for another infusion of a couple million in fresh capital. While the market for a 25 mph vehicle might seem somewhat limited -- and in Illinois they just effectively banned all vehicles in the NEV category -- the market is large enough at the moment to absorb all the company can build. And if any other states follow Montana's lead and enact Medium Speed Electric Vehicle laws (MSEV) that up the top speed to 35, the market could become a lot bigger.

The IT comes in five different vehicle models built on the same generic platform from the Utility pick-up pictured here to the original Sedan to Sport and Tropical Models. There's also a Van model available for inner-urban delivery.

Times Article Viewed: 11460
Published: 18-May-2007


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