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And Bryon Bliss, vice president of sales and marketing at Phoenix Motorcars, said the company expects to begin producing its four-passenger half-ton pickup truck in June, with deliveries beginning the same month.

The truck can reach up to 95 mph and will travel more than 100 miles on a single charge, using a battery from one of its partners, Altair Nanotechnologies (NSDQ: ALTI). Phoenix also expects to introduce an SUV with a 130-mile range this year, and also is working with its new partner, Electrovaya, to offer an expanded battery pack that can deliver a 200-mile range in the spring of next year (see Electrovaya Gears Up for Maya-300 and Green Vehicles Rev Up with $80M).

Phoenix's vehicles will be more expensive than Miles', with the truck coming in at about $47,000, Bliss said, adding that the cost savings - from not having to buy fuel or get oil changes or smog checks, pays that back in three years, at 15,000 miles per year.

Trucks and SUVs make up the biggest part of the automobile market in the United States, together accounting for more than half of last year's 17 million new vehicle purchases, he said.