Wheego Electric Cars has officially became its own entity; previously, it was part of Ruff and Tuff Electric Vehicles Inc. (RTEV). Due to the distinct differences in markets and product focus, the split is the best decision for both entities.

“Wheego Electric Cars is a high growth potential venture that will have large capital needs as it launches its first electric car, the Wheego Whip LSV, in late July. It is pursuing a national dealer distribution strategy and is building out its infrastructure. Wheego has a sales growth strategy.” Source: PR Newswire

The Wheego Whip is a low-speed two-seater that sells for under $19,000. The vehicle is currently eligible for a 10% Tax Credit but once the vehicle is modified and is no longer classified as a low speed vehicle, it will likely qualify for a $7,500 tax credit.

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Filed Under: electric cars

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