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 |  Dec 22 2011, 11:15 AM

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Kia has formally introduced Korea’s first electric production vehicle, the Ray EV, with a range of 86-miles and an impressive fast-charging in just 25 minutes. Only 2,500 units will be produced initially, all of which will be used by government agencies.

The Ray EV is a close relative to the Ray CUV, which was a 1.0L gasoline-powered vehicle introduced last month in Korea. The Ray EV is also a global first, sharing a production line with a conventional combustion-engine vehicle.

Powering the front-wheel-drive Ray EV will be a 50 kW electric motor paired to a high-capacity 16.4 kWh lithium-ion polymer battery pack. The battery pack is safely located under the rear seat and cabin floor and has been engineered for a 10-year life cycle.

The electric motor pumps out 67-hp and an impressive 123 lb-ft of torque while standard recharge time is six hours utilizing a household 220V. As mentioned before, there is a 25-minute fast-charge mode.

Inside, the Ray EV features a unique navigation system that will locate one of the 500 closest recharge stations in Korea. The government currently has plans to increase that number to 3,100 by the end of 2012.

GALLERY: Kia Ray EV

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 |  Sep 03 2010, 2:19 PM

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If there was ever a time we wanted to attend and auction and bid for a car with every penny in our pocket, this would be it. Even though this isn’t the original Ghostbusters Ecto-1, the time, work and attention to detail put into this Cadillac replica gets all our respect.

The 1959 Cadillac S&S was on the brink of death according to Chris Reynolds, the genius gentleman that took garbage to glory by investing around $100,000 into the car. Since Reynolds has finished it, it has become one of the most sought-after promo and private-hire vehicles in Europe.

Now we didn’t know Ghostbusters was as awesome and popular in Europe as it is here in America, but we’re guessing this badboy would garner just as much attention, if not more. We’re not quite sure who would pay to hire the Ecto-1 replica, but Reynolds did invest around $11,000 into the interior so it’s got more of a limousine feel.

Estimates are the car will grab anywhere from $115,000 to $130,000. Even though Historics at Brooklands (and possibly Reynolds) is pushing the car as an investment opportunity, we’re assuming those that are able to afford it aren’t exactly concerned about making their money back. But if you’re looking to have one of the most wicked, custom cars in the world… better start counting your pennies.

Official press release after the break.

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