Caterham Targets the US Market With Project V, a Radical Electric Sports Car

Caterham Project V

Caterham Finally Turns Its Attention to America

For more than 50 years, Caterham largely ignored the United States — despite it being the world’s most lucrative sports car market. That is now changing.

At the Consumer Electronics Show in Las Vegas, Caterham openly acknowledged what many brands already know: the US has both demand and money. According to Justin Gardiner, Caterham’s head of overseas operations, overlooking America for decades was simply “ridiculous.”

The result of this strategic rethink is Project V — Caterham’s first fully electric production car, and the model chosen to finally reintroduce the brand to US buyers.


Project V: A Very Un-Caterham Caterham

Unlike the iconic Caterham Seven — essentially a minimalist road-legal race car — Project V looks like a proper coupe. It has:

  • A fixed roof

  • Proper doors

  • A weatherproof cabin

In other words, it is a Caterham designed for modern expectations, without abandoning the brand’s obsession with driving purity.

A working prototype is set to debut at the Tokyo Auto Salon, marking the most concrete step yet toward production after more than two years of teasing.


Why Caterham Rejected the “Skateboard” EV Platform

Most electric vehicles rely on a flat, floor-mounted battery pack — the so-called skateboard architecture. Caterham deliberately rejected this solution.

Caterham’s Argument

  • Skateboard platforms force a high seating position

  • That conflicts with Caterham’s low, road-hugging driving philosophy

  • The Seven’s magic comes from feeling close to the asphalt

Instead, Caterham chose a far more unconventional solution.


Dual Battery Layout: “Polar Momentum”

Project V uses two separate battery packs, supplied by Xing Mobility:

Caterham calls this approach “polar momentum.” By placing mass at both extremes of the chassis, the goal is to recreate the agile, lively handling that defines the Seven — even in an electric car.

Battery & Cooling Overview

Specification Detail
Battery layout Dual-pack (front + rear)
Capacity ~27 kWh per pack
Cooling Liquid, dielectric fluid
Focus Sustained performance, not max range

This setup prioritizes thermal stability under hard driving, not highway efficiency.


Powertrain: Yamaha Muscle, Caterham Weight

Power comes from an electric motor supplied by Yamaha, producing:

  • 268 horsepower

  • Rear-wheel drive

  • Lightweight vehicle architecture

On paper, 268 hp may sound modest in today’s EV world. In reality, Caterham’s low curb weight means this is more than enough for extreme performance and driver engagement.


Charging Strategy: Performance Over Convenience

In a surprising move, Caterham has capped DC fast charging at 100 kW.

This is not a limitation — it is a philosophy.

Caterham’s Logic

  • Project V is not designed for cross-country road trips

  • Owners are expected to:

    • Drive aggressively

    • Track the car

    • Enjoy the back roads

  • The priority is how fast the battery can discharge, not how fast it can recharge

This approach avoids power throttling and thermal derating during spirited driving — a common issue with performance EVs.


Price and Positioning in the US Market

Caterham expects Project V to cost around $135,000 in the United States.

That puts it firmly into:

  • Boutique performance territory

  • Aimed at enthusiasts, not mass buyers

  • Competing on feel, not numbers

This is a bold move — asking US customers to spend six figures on an EV with under 300 hp. But Caterham is betting that character beats spec sheets.


Why Project V Is a Big Gamble — and Why It Might Work

Project V breaks nearly every modern EV rule:

  • ❌ No skateboard battery

  • ❌ No ultra-fast charging arms race

  • ❌ No focus on maximum range

Instead, it doubles down on:

  • Lightweight design

  • Driver involvement

  • Emotional connection

If Project V delivers even a fraction of the visceral experience of a Caterham Seven, it could succeed where many EV sports cars feel sterile.


Final Verdict: Caterham Bets on Feel Over Numbers

Caterham’s return to the US is late — but strategically fascinating.

Project V is not trying to out-Tesla Tesla. It is trying to answer a different question:

Can an electric car still feel dangerous, alive, and joyful?

If the answer is yes, Caterham may finally get what it came for — a piece of the American wallet.

Caterham is finally targeting the US market with Project V, a radical electric sports car priced around $135,000. Rejecting conventional EV design, Project V uses a dual battery layout, prioritizes handling over charging speed, and aims to preserve the raw driving feel that made Caterham famous.

EV Expert

EV Expert

Daniel Mercer is an independent electric mobility expert specializing in electric vehicles, battery technology, and sustainable transport systems.

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