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A 400 mile range is totally doable - though the EV1 had a Cd of ~0.20 while the Insight is 0.25. That will come down a little with a full grill block, but it won't likely equal the EV1. Range is largely dependent on the Cd of the car.
So, the Wayland EV2 project would be better off using an EV1 chassis, which has 20% lower drag Cd than the Insight. And the Tesla Model S has a better Cd than the Insight, so with a similar capacity battery pack, the only advantage the EV2 has over the Model S is a smaller frontal area and lower weight.
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