Ian Hobday, managing director of UK-based Liberty Electric Cars, has told BusinessGreen the company is now actively investigating the the possibility of buying Modec, the Coventry-based electric van maker which was placed in administartion on 4 March, arguing such a move would be preferable to the company being acquired by an overseas firm, as happened late last year to Wearside-based Tanfield Group's Smith Electric Vehicles, which converts Ford vans to electric drivetrains.