EVs are Dead, Long Live Tesla says Morgan Stanley analyst

The Tesla Model S is the only successful electric car The experiment of getting the car buying public to believe an electric car is a sensible alternative to an ICE car isn’t an unmitigated failure – but it’s close. And now Investment Bank Morgan Stanley has come out and stated the obvious: Apart from the success of Tesla, electric cars are a failure, falling far short of sales predictions and likely to see no real growth in the coming years. Morgan Stanley declare that we will still all be driving ICE cars for the foreseeable future, and despite predictions that as many as one in ten cars will be BEVs by 2020 the reality is likely to be less than one in a hundred.

Concept Car of the Week: Pontiac Banshee (1964)

In 1964, the Pontiac Motor Division was headed John DeLorean, who would go on to become one of the automotive industry's most divisive figures. He believed that Pontiac needed a compact, exciting car to compete with the newly launched Mustang and approved funding for the experimental Pontiac two-seat sports-car program, codenamed XP-833. Inspired by another GM show car, the rear-engined Corvair Monza GT from 1963, the lines of the XP-833 were a perfect example of the Coke-bottle bodystyle: long hood, short deck and sweeping fender curves.

2014 Cadillac XTS adds new twin-turbo V6

Cadillac is adding a new 420-hp, twin-turbo 3.6-liter V6 as an option for its XTS sedan for 2014. General Motors unveiled the engine back in March, confirming that it will be an option on the new-for-2014 Cadillac CTS, and recent Cadillac press materials confirm that the engine option will be expanded to the XTS. The all-aluminum engine makes use of direct-injection technology and is the highest-output V6 in GM history.