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Electric cars get a £500 million government cash boost – but will it get spent?

The new BMW i3 EV (pictured) will be subsidised until 2017. The subsidy of up to £5000 paid to buyers of electric cars has been with us for three years, but it hasn’t had much impact on EV sales and it did look like the government had decided to scrap it all together. But it looks like the coalition has allowed Nick Clegg to have his way with EV subsides in a move that will see £500 million injected in to promoting and supporting electric cars in the UK in the next few years.

Audi R8 V10 sells for $500,000 at charity auction

Which would you pay more for--a V10-powered Audi R8 or the new Ferrari California? At the third annual Boca Raton Concours d'Elegance in Florida last weekend, the Audi R8--the first one in the United States equipped with the 5.2-liter V10--was the winner in a charity auction, selling for $500,000, well above the car's sticker price of $180,000. Meanwhile, the Ferrari California was snapped up for $350,000, a bit more than the $225,000 sticker price.

BMW 4-Series Coupe concept [w/Gallery]

The BMW 4 Series Coupe concept will make its debut at next month's NAIAS in Detroit, when it will become the first model to wear the new 4er badge as it distances itself from the 3 Series sedan. While billed as a concept it is believed to be virtually production-ready. It offers little in the way of surprises in the wake of the F10 3 Series and larger 6 Series with traditional short front and long rear overhang proportions.