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Electric car sales DOWN 20% in 2012 – time to scrap subsidies for EVs?

The SMMT are reporting that sales of electric cars in the UK have fallen by 20 per cent in the year to date (2012). Despite every green evangelist proclaiming that electric cars are the way to save the planet from imminent doom, UK car buyers obviously disagree. Despite a taxpayer bribe of £5000 to buy an over-priced electric car, car buyers have not exactly taken to the EV in droves.

There's a 2015 Ford Mustang convertible on the way, too

Almost immediately after the Ford Mustang debuted, buyers could choose from three body styles -- a hardtop, a rag-top convertible and a fastback (which actually came out a few months later than the hardtop and convertible). We already knew that the 2015 Mustang will arrive as a fastback (sorry, notchback partisans), but Ford has just announced that a drop-top version is also in the works. Pictures of the convertible sport a shiny "5.0" badge on the side and and chrome "GT" badge on the back, but we assume all the standard engines -- the 5.0-liter V8, 3.7-liter V6 and that new 2.3-liter EcoBoost turbo-four -- will be offered.

Russian tech entrepreneur buys EV maker Think

Norwegian electric-car maker Think Global AS, which filed for bankruptcy in June, has reportedly been bought out by a global technology entrepreneur. New owner Boris Zingarevich currently runs investment operations based in St. Petersburg, Russia.