Chalk it up as another rough week on the electric vehicle front:
- California-based Miles Electric Vehicles, which imports small, battery-powered electric cars from China, filed for Chapter 11 reorganization. The company, which was founded in 2004 by entrepreneur Miles Rubin, concentrated on cars limited to speeds of 25 mph. Rubin also co-founded Coda Automotive, an EV maker that filed for reorganization last month.
- Lio Energy, another Coda affiliate, also filed for bankruptcy last week. The company was established in 2009 as a joint venture between Coda and China's state-owned Lishen Power Battery to develop and provide lithium ion batteries.
- Daimler said it is reviewing options for Li-Tec, the joint venture it formed with Evonik Industries in late 2008 to provide future Daimler EVs with batteries. Options include bringing in a new partner.
- After price cuts on the Nissan Leaf and Fiat 500e EVs, General Motors offered cash rebates of $4,000 on the 2013 Chevrolet Volt plug-in hybrid and $5,000 on the 2012 model. The rebates, offered through July 1, are on top of a $7,500 federal tax credit, plus a $1,500 state tax credit for California residents.
U.S. sales of the Volt fell 4 percent to 1,607 units in May.