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...showrooms this spring--many of Detroit's models were concept cars not intended for production anytime soon. Still, the prototypes from General Motors, Chrysler and Ford emphasized the carmakers' simple message--"We get it"--and were a sign that buyers may soon have more choices when it comes to fuel-efficient vehicles...

Author: /time Magazine | Title: The World | 1/15/2009 | See Source »

...could take Senate minority leader Mitch McConnell's advice and give loans instead of grants, which would both help the Treasury down the road and encourage states to make wise investments. He could require states that receive bailouts to promote wind and solar, expand health coverage or buy fuel-efficient police cars. If they don't want to, they don't have to take handouts. The bottom line should be: federal money, federal priorities. (See pictures of Obama's nation of hope...

Author: /time Magazine | Title: How to Spend a Trillion Dollars | 1/15/2009 | See Source »

Remaining on Detroit's wish list: tax breaks for consumers who buy new vehicles and/or fuel-efficient hybrids. The desired incentives would be a combination of new incentives and extensions of credits already in the tax code. The National Automobile Dealers Association has made the incentives a top lobbying priority; new legislation has already been introduced in Congress. One proposal supported by Democratic Sen. Barbara Mikulski of Maryland and Republican Sen. Kit Bond of Missouri would permit new car buyers to deduct auto loan interest and sales tax on their personal income taxes. "We think temporarily making interest deductible...

Author: /time Magazine | Title: The Auto Bailout Keeps Growing, and Growing | 1/14/2009 | See Source »

...electric-car industry peetered out during the Roaring 20s when owning a car became more of a convenience and less of a luxury. Rising fuel costs and the fear of exhausting fuel supplies gave rise to various electric vehicle prototypes in the 1960s and 1970s such as the Vanguard-Sebring CitiCar, which was a boxy, even more miniature version of its miniscule Indian predecessor, the REVA, one of the world's best-selling electric cars. One of the most important changes those cars exhibited was a reliance on fuel cells, which produce electricity from some form of fuel (hydrogen, hydrocarbons...

Author: /time Magazine | Title: The Electric Car | 1/13/2009 | See Source »

...Atmospheric Research. The outputs of such models could potentially contribute to global discussions about the environment, he said. The mission, which has been in the works since 2004, will cost “$2 million for the science and another $2 million for the operations—the fuel, pilots, maintenance of the aircraft,” and is being funded and supported by the center for atmospheric research and the National Science Foundation, which owns the plane. “This plane is not sold for commercial use—it is sold for very high-end executives...

Author: By Elyssa A. L. Spitzer, CRIMSON STAFF WRITER | Title: Jet Used To Improve CO2 Measures | 1/11/2009 | See Source »

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