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$40 million Bugatti on exhibit: Mullin museum models its masterpiece

Remember the Bugatti that sold a few months ago for somewhere between $30 million and $40 million? It is still the world's most expensive car. And now you can have a look at it at the fabulous Mullin Automotive Museum in Oxnard, Calif.

Electric cars amped up with £500 million boost

THE GOVERNMENT is to extend the £5,000 grant scheme open to anyone who buys a car with plug-in electric power. It is part of a £500 million move to encourage car owners – and city authorities – to take up the electric car baton and run with it. The initiative will give cities a chance to win government funding to further the sales of electric cars in their areas, for example by allowing them to use bus lanes or park for free.

Volvo makes breakthrough in battery tech

Volvo has developed a new way of ‘storing’ energy for its future electric vehicles. The Swedish firm is exploring the concept of lightweight structural energy storage components made from carbonfibre, containing “nano structured batteries and super capacitors.” This technology is said to offer a lighter, more compact solution to the problem of energy storage, potentially removing the need for the heavy, bulky batteries used in current electric vehicles. On Bing: see pictures of the Volvo S80 Find out how much a used Volvo S80 costs on Auto Trader The investigation into the new technology is part of an EU-funded research project, undertaken by Volvo – the only major car manufacturer involved – and nine other organisations.