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£500m scheme introduced to boost electric car ownership

Newspress Deputy prime minister Nick Clegg is today launching a £500 million scheme to boost electric and hybrid car ownership in the UK.   Perks for electric car drivers The funding will provide extra perks to encourage more drivers to trade in their old, conventionally powered cars for electric or hybrid vehicles. Councils will be able to apply for funding if they come up with plans to encourage people to ditch their petrol and diesel cars – for example, by offering free parking to electric vehicles and giving them the right to drive in bus lanes.

New Volvo Drive-E engine delivers 444bhp – from just 2.0 litres

The new Volvo Drive-E engine (pictured) delivers 444bhp When Volvo announced its new Drive-E engine range would consist of just a single petrol and diesel engine of 2.0 litre capacity, we did wonder if Volvo had given up on the idea of delivering properly powerful road cars. But it seems not. We already know that the T8 hybrid powertrain for the new XC90 will deliver 394bhp, but now Volvo has revealed a Drive-E concept engine that delivers an even more impressive 444bhp without the aid of electric motors and batteries.

Toyota uses cash offers in bid to get rolling

Coming off a sharp sales decline in December, Toyota Division is trying to lure buyers into showrooms with new cash offers for customers and dealers. Even the Prius is getting support, after having been excluded from the brand's lavish incentive program in the last quarter of 2008. Toyota put $750 in dealer cash on the hood of the hybrid car.