Saving the dinosaurs: Startups drive to electrify fossil-fuel cars

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Across Europe and the U.S., companies are converting gas-guzzling classic cars into clean electric cars

That's the message from a growing cohort of European and American startups seeking to carve out roles in the auto transition by converting the roaring dinosaurs of the fossil-fuel age into clean electric vehicles .

Next year Charge Cars will launch production of 499 electric versions of 1960s Mustangs, built from the ground up using car bodies produced under license from Ford "New regulations will wipe out a lot of smaller players because they won't be in position to meet the standards," said Chris Hazell, founder of Britain's Zero EV, another startup working on mass-producing conversion kits for Porsche 964s and other classic models. His company will expand to the United States next year.Lunaz, for example, sees classic cars like the Aston Martin DB6 as a good start.

"Classic cars were the lightning rod to get us to market," founder David Lorenz said. "But if you want to have a real impact, you've got to have scale."David Lorenz, founder of Lunaz, which converts classic combustion engine cars to electric, stands with two classic Aston Martin DB6s awaiting conversion into electric cars that will cost 1 million pounds each in Silverstone, Britain, November 17, 2021.

The cost to customers could be close to 5,000 euros including government subsidies, said CEO Aymeric Libeau, who said he aimed to produce kits "at scale" next year, having waited for the retrofitting laws to materialise, with the gear to be installed by independent mechanics certified by Transition-One.

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