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The Sinclair C5 is a small one-person battery electric recumbent tricycle, technically an "electrically assisted pedal cycle". [1] It was the culmination of Sir Clive Sinclair's long-running interest in electric vehicles. Although widely described as an "electric car", Sinclair characterised it as a "vehicle, not a car". [2]
The first (and only) Sinclair Vehicles production model was the single-seater Sinclair C5, launched on 10 January 1985. Larger models were planned, including the C15, a four-seater car capable of speeds of up to 80 mph (130 km/h). The generally poor reception given to the C5 by the press and public meant that these models would never reach ...
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On 10 January 1985, Sinclair unveiled the Sinclair C5, a small one-person battery electric recumbent tricycle. It marked the culmination of Sir Clive's long-running interest in electric vehicles. [84] The C5 turned out to be a significant commercial failure, selling only 17,000 units and losing Sinclair £7 million.
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He launched the Sinclair C5 electric vehicle on 10 January 1985, but it was a commercial disaster, selling only 17,000 units and losing Sinclair £7,000,000. Sinclair Vehicles went into liquidation later the same year. The failure of the C5, combined with those of the QL and the TV80, caused investors to lose confidence in Sinclair's judgement.
Sinclair has lost more than 70% of its market value in the last five years. The company’s market capitalization is about $975 million with an enterprise value of about $4.7 billion. Sinclair changes
The Sinclair Zike was developed by Sir Clive Sinclair following the commercial failure of the Sinclair C5 in 1985. [5] Electric vehicles were one of his long-term research ambitions. [5] The Zike was financed largely with his own money, [5] and the manufacture was subcontracted to Tudor Webasto, a Birmingham-based company. [4]