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Detroit Electric E63

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As you can tell, we're pretty excited around here for the Tesla Model S, but Detroit Electric, a company that was making electric cars back in the early 1900's, has given us yet another car to get excited about. Yesterday, the company announced that they are partnering with Malaysian auto manufacturer Proton Holdings to produce the E63, an all-electric sedan that will hit the market ahead of the Tesla Model S.

The E63 will be a four-door sedan with two range options: either 111 miles for $23,000 to $26,000 or 200 miles for $28,000 to $33,000. The company plans to introduce the car in Europe and Asia in February 2010 and then in the U.S. a few months later. The quick turnaround will be possible by outfitting Proton's existing car models with Detroit Electric's engine design instead of designing a whole new model.

The E63 lacks the beautiful design and the luxury details of the Model S, but it looks like a pretty sporty sedan. It has a top speed of 112 mph and can do 0-62 in under eight seconds. So, for all the people out there for whom the Model S is out of reach, the E63 may be a perfectly suitable substitute.

The world of all electric vehicles draws closer and closer becoming more and more affordable.

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