Welcome to the world, Nano.
The biggest automaker in India, Tata, unveiled the world's cheapest car this week.
The Nano car (iPod fans may gasp) is roughly the cost of a new Apple Computer-- $2,500.
At a miniscule 10 feet long, 5 feet wide, the Nano lives up to its name. The 2-cylinder gas engine delivers 33 horsepower and a top speed of just over 60 mph.
The basic version is very basic. No radio, no passenger side mirror and only one windshield wiper. Air conditioning is only available in the deluxe version. That one costs more.
Why do we need such a vehicle?
The Nano was developed to meet the demands of a growing middle class in India. According to Tata, this car will target families that currently cram several people onto one two-seated scooter that sells for about $900.
The impact of this car could be enormous.
Environmental experts are shuddering at the thought of millions of new gas-powered vehicles pumping more carbon dioxide (a major greenhouse gas) into the air.
Another implication is the tug on the world's oil supplies.
Tata insists that the Nano will get about 50 mpg and will meet Indian and European emission standards. Still, all those cars will inevitably increase demand for oil. Last week's record high of $100 per barrel for oil may sound cheap in a few years.
Company Chairman, Ratan Tata, believes he is doing what is right for his country.
It is much the same thought as Henry Ford when he started to produced the first affordable car, the Model T, 100 years ago.
Thing is, 100 years ago, Henry Ford was an innovator to produce the latest technology at an more affordable price through first-of-its-kind mass production.
Today, gasoline powered engines aren't the wave of the future. They're a tie to the past.
I believe Mr. Tata should take a cue from Henry Ford not only by bringing transportation to his country but by doing it through the latest technology.
How much more would it be to power the Nano by solar means or an electric motor?
My fear is that the very people in India who will flock to buy a new, cheap Nano will end up paying the price so many of us in the United States do now.
Clogged roadways and, even worse, clogged air.