Bannon to build EV plant in New York
Construction plans include the renovation of an existing 150,000-square-foot building and the installation of production equipment for a facility that will produce 15,000 to 20,000 electric cars per year. The electric car plant will use technology developed by the REVA Electric Car Company and will build REVA's NXR Model a lithium-ion-powered hatchback with three doors and four seats. Construction is anticipated to begin in late spring of this year, with overall completion slated for early fall. Approximately 100 new jobs will be created.
Bannon Automotive LLC is located on Long Island in New York. The company was founded more than a year ago for the purpose of setting up a vehicle plant that to make affordable electric cars.
REVA Electric Car Company, founded in 1994 as a joint venture between the Maini Group of India and California-based AEV LLC, is considered to be the world's leading electric-car manufacturing company, producing environmentally friendly, cost-effective electric vehicles.
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Restrict price charged for gas and electricity - British MPs
LONDON - MPs are calling for a cap on the price of gas and electricity amid fears consumers are being ripped off.
The Business, Energy and Industrial Strategy (BEIS) Select Committee says the Big Six energy companies have been overcharging for years.
MPs on the committee backed plans for a temporary absolute cap to fix what they called a "broken" energy market.
Labour's Rachel Reeves, who chairs the committee, said: "The energy market is broken. Energy is an essential good and yet millions of customers are ripped off for staying loyal to their energy provider.
"An energy price cap is now necessary and the…
