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Frankfurt 2011:Rimac Concept One – an Electric Supercar

Rimac One Concept - an electric hypercar at Frankfurt Our antipathy towards electric cars – and the seeming futility of pursuing a technology that has made little progress in a century – is well known. But we do see electric cars as a fun toy for the better-off, and 23 year-old Croatian Mate Rimac has impressed Frankfurt with his Rimac Concept One electric supercar, which is perhaps the ultimate electric toy for the better-off. Perhaps, in the case of the Rimac One, we should consider it a toy for the seriously well-off, rather than just the better-off, as it’s expected to cost a quite substantial £650k for each of the 88 cars Mate intends making.

Bush leaves CAFE decision for Obama

The Bush administration has decided to punt its promised decision on new fuel economy standards to the Obama administration. In a statement this morning, the U.S. Department of Transportation said it will not issue final rules for fuel economy standards for the 2011-15 model years as planned.

News watch April 2010: today's auto industry news

Welcome to CAR's news aggregator as we round up the daily stories in the auto industry. Top tip: news summaries are added from the top hour-by-hourThursday 29 April 2010• The European Commission has published a document outlining plans to encourage the take-up of electric cars. It includes a strategy for a common charging socket (Financial Times)• BMW has leapfrogged Toyota as the world's most valuable automotive brand, according to the BrandZ Top 100 survey.