Toyota kills electric car plans, says ‘capabilities of electric vehicles do not meet society’s needs’

Japanese automaker Toyota has killed plans for a widespread launch of its second all-electric car, the eQ, citing a drastic misreading of the market and capabilities of electric vehicles.

Ford’s new hybrid Fusion inches close to the Prius with 47MPG fuel rating

Today Ford revealed that its new Fusion hybrid has received a 47MPG rating from the EPA, putting it close to Prius territory.