Norway’s buzzing little market for pure electric cars has in its very success shown the severe drawbacks to a model that relies on public subsidies worth as much as $8,200 per car, every year.
Carmakers such as Nissan, Mitsubishi, PSA/Peugeot-Citroen and Tesla Motors see Norway and its 10,000 battery-powered vehicles as a reason for optimism in otherwise gloomy terrain.
This past weekend, there was a major financial occurrence in Cyprus. On the surface this looks like it will help the country and politicians, but no so so fast!
It also does not appear on the surface to have any bearing on cars, but when the government seizes and removes €5.8 billion from the people, this eliminates this as money that could be used to stimulate the economy through purchases of — CARS homes and other goods and services.
Sorry, but there is just too much auto news coming out for us to catch it all. Here are just a few interesting stories that we missed.
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Tata Nano today introduced an industry first offer. Customers can now swipe their credit card and drive out in a Tata Nano, on the same day.
