Designed to create new possibilities for customers, the NeuV (pronounced “new-v”), which stands for New Electric Urban Vehicle, is a concept vehicle whose genesis is based on the fact that privately-owned vehicles sit idle 96 percent of the time. The NeuV explores the idea of how to create new value for its owner by functioning as an automated ride sharing vehicle, picking up and dropping off customers at local destinations when the owner is not using the car. The NeuV also can sell energy back to the electric grid during times of high demand when it’s not in use. These activities have the potential to create a new business model for enterprising customers.
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