ExxonMobil Takes Auto Industry by Storm With Launch of Fully Electric Maya 300

Today, the oil industry has become a player in the auto industry. ExxonMobil is launching the Maya 300, a lithium-ion battery powered car that can drive up to 120 miles on one charge yet has the look and feel of a gasoline-powered car.

This announcement comes on the heels of a whirlwind of investments by the oil industry to help position them as players in the biofuels industry. Many oil companies have either purchased ethanol or biodiesel plants and/or made investments in cellulosic technology and development companies. Does this announcement set the stage for the rise of other players to take over the helm of U.S. auto industry?

The Maya 300 was developed in conjunction with Electrovaya, a pioneer in the development and manufacturing of Lithium Ion SuperPolymer battery systems. The two companies have worked together to, “develop the innovative urban vehicle that will be a ‘game changer’ in advancing transportation alternatives.” ExxonMobil actually developed the lithium-ion battery separator film and was the first company to introduce the lithium-ion battery in 1991.