This was the first year that Studebaker was in the automobile business (they had been making wagons and carriages since 1852). John M. Studebaker, the venerable president of the company, decided on electricity to power his motor vehicles over the gasoline ones. The electric motor was rated at 40 volts and 24 amperes. John Studebaker finally gave in and Studebaker began the production of gasoline cars in 1904 in association wîth the Garford company of Elyria, OH. Source: https://www.conceptcarz.com/vehicle/z4335/studebaker-runabout.aspx