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Tesco Cars shuts up shop

Tesco Cars closed for business A year after launching Tesco Cars in conjunction with Carsite, Tesco reveals it is to close the used car operation. Tesco Cars was one of the latest Tesco sideways moves to use its vast revenues to dominate more and more business sectors in the UK. But it’s come to an ignominious end just twelve months after it was launched, piggy-backing on the existing Carsite business to try and flog used cars to customers who would rather deal with a big supermarket than a back street car lot.

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.

London is parking charge capital of the world

We already know London is home to more multimillionaires than any other city in the world, but given the cost of living in our capital, this is hardly surprising. And now, to further highlight London’s increasingly extravagant status, it turns out it’s the most expensive place in the world to park your car as well. On Bing: see pictures of car parks in London UK car parks now accepting conkers as payment.