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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.

Bentley Continental GTC Speed (2013) first pictures

According to Bentley, the new Continental GTC Speed is the fastest four-seat convertible in the world. The 202mph cabriolet uses the 616bhp powertrain from its Continenal GT Speed Coupe sibling, and we'll see it unveiled at the 2013 Detroit motor show. Just how fast is the new 2013 Bentley GTC Speed?

Panasonic invests $30 million in Tesla Motors to develop batteries

Japanese electronics giant Panasonic Corp. said late Wednesday it invested $30 million in Tesla Motors Inc. to cooperate on green powertrain development.