ALMA, WIS.
Bob Albertson, a 72-year-old serial inventor, thinks he's created something that will revolutionize the auto industry.
At his home just south of this tiny city on the Mississippi River, Albertson built a fully electric Ford Ranger pickup truck that he's 99 percent certain Ford Motor Co. will want to mass-produce.
"They'd be nuts not to," said the man whose inventions include the pulsating shower massager, the Mr. Coffee coffee maker and the eight-track tape player -- which he sold to Bill Lear of Learjet. His nearly finished electric pickup can go 100 miles -- better than many electric prototypes from the auto industry -- before it needs to recharge for five hours.
With car manufacturers around the world scrambling to produce the first successful mass-produced all-electric vehicle, the electric Ranger Albertson has spent the past two years working on might be just in time.
The Obama administration has already toughened fuel economy regulations for automakers, and the Department of Energy has set aside a $25 billion fund specifically for the development of new fuel-efficient vehicles.
Last week Ford received a $5.9 billion loan from the fund to help transform plants in five Midwestern states with plans to manufacture hybrids and electric vehicles. The loan is unrelated to the bailout funds given to Chrysler Group LLC and General Motors Corp.
The Dearborn, Mich.-based automaker is planning to release two new fully electric vehicles in the next two years.