It’s electric, it’s built in America, it goes 25 mph, and it costs about 15 grand – would you buy one?

I am talking about the newest EV to hit the roads. It’s called MyCar and it is built at a new plant in Mississippi by GreenTech Automotive, whose chairman is Terry McAuliffe, former head of the Democratic National Convention and who hopes Americans answer a resounding “Yes” to the above question.

McAuliffe, along with former President Bill Clinton and former Mississippi Governor Haley Barbour, unveiled the new car July 6 at GTA’s Horn Lake plant.

MyCar is not exactly new as GreenTech Automotive purchased it from Hong Kong-based EuAuto in 2010 relocating the operation to the U.S. where it plans to open a second plant by the end of 2012.

“MyCar is just the beginning of GTA’s efforts to produce a wide range of environmentally friendly, energy-efficient, affordable vehicles,” said Charles Wang, CEO of GreenTech. “Many electric carmakers have tried to force electric vehicle technology into the existing transportation paradigm, which invariably results in vehicles that are environmentally friendly but prohibitively expensive. GreenTech has broken the mold by adopting the revolutionary strategy of creating an affordable electric car that will reshape how Americans think about meeting our daily transportation needs.”

MyCar is billed as a “Neighborhood Electric Vehicle” (NEV) which means it has a top speed of 25 mph here in the States but can be configured for 45 mph for Europe. It seats two and boasts a range of 115 miles per charge and offers 110- or 220-volt recharging.

GTA says MyCar is the “Ideal solution for corporations, government entities, rental car fleets, and corporate and college campuses in addition to individual transportation use such as commuting and daily errands.” The company expects this model launch to lead to additional models including a micro pickup and a delivery vehicle beginning as early as 2013.