continue reading "Tesla Electric Car Segment - BBC World"

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Toyota Motors missed being the number one auto maker in the world in terms of sales by a mere 3,000 vehicles. The number one spot went again to General Motors which has held this spot since the 1930s. Though Toyota lost this time, it is fast gaining on the US Giant and it’s only a matter of time before it becomes the Numero Uno auto maker. Toyota is already the number one for hybrid cars, having sold over 1 million of them and plans to introduce all of its models in a hybrid version by the year 2020. Toyota Prius remains the most popular hybrid car in the world. Not long ago, Ford was the number two auto maker in the world - well, not anymore.

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President George Bush signed a new energy bill that raises fuel economy standards for the first time in 30 years. The law provides a 10 mpg average jump in fuel economy standards that automobile manufacturers will be required to meet by 2020. The corporate average fuel economy (CAFE) level for all vehicles in the US will be 35 miles a gallon by 2020 and the hope is that this efficiency will reduce our dependence on foreign oil by 2 million barrels a day. The cost of these vehicles is likely to be higher by about $15,000 compared to existing vehicles.

continue reading "Bush signs new fuel economy standards into law"