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...think the billions in government subsidies for automobiles are all flowing to Detroit. The U.S. Department of Energy (DOE) is ready to loan nearly $1 billion to Tesla Motors and Fisker Automotive, two fledgling automakers with deep roots in Silicon Valley and Southern California...

Author: /time Magazine | Title: The U.S. Bets a Billion on New High-Tech Automakers | 10/7/2009 | See Source »

...30pm: Outside Nikola Tesla Airport, cab drivers approach us in quick succession after I arrive with my boyfriend and his sister for a three-day trip to visit his friend from college. We've been warned to be wary of unmetered 'gypsy' cabs run by drivers eager to overcharge clueless tourists. My boyfriend tries to reason with one, insisting that his friend, a Belgrade native, assured us that a cab would cost no more than 1,500 dinars— nothing close to the 2,500 the cabbie has quoted. The driver retorts, "Well, why doesn't your friend pick...

Author: By Lena Chen | Title: 24 Hours in Belgrade | 8/11/2009 | See Source »

...Chrysler may be on their last legs - but small, visionary startup companies like Aptera Motors, Fisker Automotive, Tesla Motors and Bright Automotive are starting to sell their cool, cutting-edge, battery-powered cars, and a decade from now any one of them might be the household name that epitomizes our 21st century industrial rebirth. (I just drove in an Aptera. It looks like an awesome Jetsons vehicle, plugs into the wall, drives like a dream, goes 100 miles on a charge, costs under $30,000 - and I want...

Author: /time Magazine | Title: The Coming New New Economy | 8/4/2009 | See Source »

...fuel bills for their SUVs, while he toddled about in his sporty Zenn, a low-speed neighborhood electric vehicle, or NEV, for next to nothing. Though NEVs can't legally go over 25 m.p.h. in a 35 m.p.h. zone, newer high-speed sedans, like the ones Nissan and Tesla will be launching, are highway-approved, crash-tested and able to hit 80 m.p.h. in seconds flat. (See the top 10 everything...

Author: /time Magazine | Title: Utilities Scramble to Meet Power Needs of Electric Cars | 7/16/2009 | See Source »

...Despite the dominance of hybrids, smaller automakers including start-ups like Tesla Motors in the U.S. and several Chinese car companies see EVs as a chance to gain ground on larger rivals, especially in an era of high fuel prices and a more environmentally conscious public. Fuji Heavy Industries, the maker of Subaru, announced on June 4 its rollout plans for its Stella EV, which has a sticker price of $48,000 and a range of 90 km. The company will begin delivering the vehicles around the same time as Mitsubishi (late July) and expects to produce about 170 units...

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

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