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...Like Nissan and Subaru, which are rolling out their own plug-in electric cars over the next 18 months, Mitsubishi hopes that they'll catch on with consumers worldwide. But they are still a gamble. Although technological advances continue to reduce the cost and recharging time of lithium-ion batteries while increasing range, electric vehicles are expensive - the i-MiEV costs $47,500 - and the market will take years to reach the level of hybrid sales. "For five to 10 years, EVs will be for city commuters, used in a limited area, while the hybrid is a pure alternative...

Author: /time Magazine | Title: In Japan, Testing the Market for All-Electric Cars | 6/9/2009 | See Source »

...Japanese national and local governments are doing their part to help consumers to overcome their fears, from helping to develop infrastructure to offering cash incentives to Japanese who want to purchase hybrid or fully electric vehicles. Incentives will reduce the cost of the i-MiEV by 30% to $33,100. That should help Mitsubishi meet its production targets of 2,000 i-MiEVs in the next 12 months, 6,000 in the second year of production and 15,000 the following year. Mitsubishi says it can turn a profit on electric cars when it reaches an annual production volume...

Author: /time Magazine | Title: In Japan, Testing the Market for All-Electric Cars | 6/9/2009 | See Source »

...make EVs an easier sell to those who might be put off by a high initial cost, Richter says, car companies are getting creative about pricing - for example, by allowing buyers to lease expensive battery packs to spread the cost over the lifetime of the car. The electricity required to run an electric car costs about a penny a mile, he says, compared with 10 cents a mile for a gas-powered vehicle. "Think of a battery as part of the fuel of the car," says Richter. "When you buy a new car you don't buy 10,000 gallons...

Author: /time Magazine | Title: In Japan, Testing the Market for All-Electric Cars | 6/9/2009 | See Source »

...party's rout - Labour's share of the votes fell 7 percentage points, at a cost of five seats in Europe's Parliament - was far more dramatic than any of its rivals' gains. In securing its 13 seats in the European Parliament, for instance, UKIP increased its slice of the vote by just half a point. The Tories, with close to twice the share of votes as Labour's, saw its support climb by only 1 point. Even the BNP, whose two northern English seats included one for Nick Griffin, the party's pugnacious leader, grew its share of polling...

Author: /time Magazine | Title: European Elections: A Blow to Brown, Boost for Merkel | 6/8/2009 | See Source »

...killings carried out during Northern Ireland's 25-year sectarian conflict have been the subjects of similar investigations, and not without controversy. The Saville Inquiry into the 1972 shooting of 27 civil-rights marchers in Derry by British army soldiers is already in its 10th year and, despite having cost an estimated $320 million so far, has yet to deliver its final report. The result is that the Northern Irish public has little appetite for further in-depth inquiries into Northern Ireland's bloodiest episodes - Omagh included...

Author: /time Magazine | Title: Omagh Families Win in Court Against the Real IRA | 6/8/2009 | See Source »

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