The first electric vehicle for the Olympics is a concept car, but one that may be more than just a novelty for the International Olympic Committee (IOC).
It is also a sign of a future where electric vehicles will become a mainstream technology for the 2024 Olympics in Tokyo.
The concept vehicle has already been unveiled in the form of a teaser video.
It features the shape of a car, which is shaped like a small truck.
It has a number of electric elements including a rear-mounted charging station, and electric powertrains.
The trailer of the vehicle is also shaped like the truck.
The IAC announced on Friday that it had acquired the vehicle, but the full name is yet to be released.
The vehicle, named ‘Olympic Hybrid’, was developed by the IAC’s Electric Vehicle Group (EVEG), a joint venture between China’s Dalian Wanda Group and electric car manufacturer BYD.
According to a report by Reuters, the Iac plans to sell the concept vehicle to the IOC for the cost of €1.5 million ($1.8 million) over five years.
The IOC has already spent several months evaluating electric vehicles, with its electric vehicle policy being finalized earlier this year.
However, the IOC has been reluctant to embrace electric vehicles because it has traditionally shunned such technologies.
“We have always said that the IOC is not a car-loving organisation,” IAC Chairman and CEO David Gold told Reuters.
“In 2020, we’re going to make an investment in the electric vehicle technology that will allow the IOC to reach a high level of competitiveness, so we’re in a position where we can make a big investment and create a new standard for the future.”
The IOC was also criticised by the International Automobile Manufacturers Association (IAA) in 2015 for not investing enough in electric vehicles.
“The IOC should look at this as a very, very important investment and a good opportunity to invest,” IAAF CEO Carlos Ghosn told Reuters in March 2016.
“They should be investing in electric mobility because the world is in the midst of a big transition.
We can’t just keep doing this.”
Despite this, the Chinese government has announced plans to invest in electric vehicle development in 2020.
The Chinese Ministry of Transport and Industry has already announced plans for two new electric vehicles and one electric bus.
According the report, the ministry’s plans are focused on “building a new high-speed electric vehicle capable of travelling at 1,000 km (620 miles) per hour”.
“We’ll create a company that will develop the high-performance electric vehicle, which can also be used for high-end tourism and transport,” a ministry official told Reuters at the time.
The ministry also said that “it will also work on a range of technologies including the electrification of public transport”.
According to Reuters, Chinese officials have said that they expect the IOC will invest more in the future, with the aim of making electric vehicles a mainstream component of the Olympic infrastructure.
“If we invest more, then the IOC can invest more,” a government official said, adding that the Chinese authorities would also support the development of “high-tech electric mobility” in China.
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