Electric vehicle firm Tanfield is to launch into the US market with Ford despite facing difficulties at home as a result of the economic downturn.
Sunderland-based Tanfield Group is to launch a joint venture known as Smith Electric Vehicles US to take advantage of the green stimulus programme proposed by newly-elected President Barack Obama, claimed NEBusiness.
However, it is not just the incentives which appeal to the company, but also the size of the market.
"North America represents potentially the largest single market for our commercial electric vehicles," said Darren Kell, chief executive officer of The Tanfield Group.
Its joint venture with Ford will see an expansion with a partnership already established with Ford of Europe, with Tanfield developing the Ford Transit Connect in the US.
Mr Kell said: "It offers fleet owners the opportunity to reduce their carbon footprint, improve city air quality and make a positive step towards our national energy security."
In the UK the government has set aside £10 million to provide local authorities with electrical vehicles to trial and demonstrate the technology.
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