Detroit Electric? Electric Detroit!

The biggest Built by Michigan car news this month?  No doubt it’s the debut of the an all-electric, carbon fiber and aluminum sports car from Detroit Electric.

According to a report in the Detroit News, Detroit Electric "put the stake in the ground" earlier this month with the debut of the SP:01 sports car at the company’s headquarters in Detroit’s Fisher Building.

Detroit Electric is a brand new firm with an old pedigree. The original Detroit Electric made electric cars from 1907 to 1939, and the name was revived for the new venture by CEO Albert Lam, former CEO of the Lotus Engineering Group.

"We didn't want to use the 'Detroit Electric' name in vain," said Lam in an interview with The Detroit News, describing the long and tenuous route of starting a car company. "I believe we've earned the right to use the name."

The SP:01 has a top speed of 155 miles per hour and can go from 0 to 62 miles per hour in 3.7 seconds. At a projected cost of $135,00, you won’t be likely to see one in my driveway, but for the Built by Michigan electric-vehicle industry to really take off, we’re going to need innovators, engineers and car buffs of all types to put their best work out there. So we’re electrified by this news. Oh, and in addition to assembling the vehicles here in Michigan, the company is apparently in discussions with a Detroit-area battery manufacturer as well. That would make the SP:01 a real Detroit electric car.