President Barack Obama announced a new $200 million tax credit for the development of alternative fuel technologies in a continued effort to reduce U.S. oil consumption.
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Electric car maker Fisker Automotive is expanding its grip on worldwide sales by pushing its new Karma in Canada. To bring the cars to the Canadian market with the smallest investment possible, Fisker partnered with existing retailers in Toronto, Calgary and Vancouver to market its car. In Toronto, a standalone store will be constructed in...
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As Nissan strives to sell the Leaf electric car at an affordable price point, the company is expressing concerns that the current subsidies offered by governments to encourage EV adoption will expire after three years, hurting sales and pushing the cost of electric vehicles back into unattainable territory. “My assumption is that they won’t be...
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