Build Your Dream (BYD), has repealed its decision to push it’s electric vehicle launch in North America back. It has now been reset to its original launch time of next year.

The announcement that BYD’s electric vehicles would be back on schedule could have to do with the increasingly competitive electric car market. Most recently, the announcement of the Nissan Leaf with its 100-mile range and low price tag, has added to the mix of low price, long range electric vehicles coming into the US market in 2010.

The Chinese automaker has a few a aces up its sleeve coming into the electric vehicle market in that its backed by the Oracle of Omaha, Warren Buffet, and specializes in battery technology.

One of several new marques set for 2010 production

The first BYD all-electric vehicle expected to his the US market will be a five seat e6 crossover. Due to the BYD’s experience in battery technology, it is expected to an impressive range of 186 miles. While the cost is expected to be around $40,000, don’t expect to be picking one up anytime soon. Initial launch will see only a few hundred vehicles spread through select markets as well as to government agencies, utilities and some eco-friendly celebrities.
Source: EcoAutoNinja.com