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Hennessey reveals Venom GT supercar

Texas tuner Hennessey Performance is taking a page out of the playbook of Carroll Shelby--drop a huge American V8 into a lightweight British chassis. The result is the Hennessey Venom GT, which melds high-performance Chevrolet Corvette and Lotus technology into a furious supercar. Borrowing from the Cobra's now-iconic template, the Venom GT broke cover on Monday and will come with the ZR1's supercharged 6.2-liter V8 modified to push out 725 hp.

Hyundai i-oniq Concept revealed

Hyundai i-oniq-Concept arrives at Geneva 2012 The Hyundai i-oniq Concept has been revealed ahead of Geneva 2012 as a range-extender hatchback with 75 mile EV range. We had a single teaser image of the Hyundai i-oniq Concept back in December, with the promise it was heading towards Geneva 2012, and with Geneva looming in just a few days Hyundai has revealed the first photo of the i-oniq. The i-oniq is a sports hatch designed to showcase the direction Hyundai is heading, and it showcases the direction of Hyundai’s fluidic sculpture design and its new technology.

£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.