This electric 'lounge on wheels' could be yours -- by subscription only

Canoo, a California-based electric car start-up, has revealed its first vehicle -- a futuristic looking electric vehicle designed to serve as a mobile living room

The van-like vehicle, also called Canoo, will be available by subscription only and will not be offered for sale, the company said.The Canoo's design takes advantage of the fact that an electric vehicle doesn't need space to house a big engine and a cooling apparatus. Batteries are in the floor of the vehicle, and the Canoo's box-shaped body rides on top of that flat platform.

Rectangular steering wheels are common on concept cars but are rare on real production cars because they're awkward to use during tight maneuvers like U-turns and parking. A circular wheel is much easier to use in situations where it has to be turned over and over. With electronic steering, though, the front wheels can turn much more for tight, low-speed manuevers and less during gentle high-speed maneuvers in response to similar steering wheel movements, explained Kranz.

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