The Europeans are considered the biggest fans of all things green and environmentally friendly and they supported the idea of biofuels, electric cars, hybrids and ultra high efficiency internal combustion engines.
With the European economies suffering the fallout of the American sub-prime ponzi scheme and facing the very real prospects of collapse of the Euro, many Governments are no longer keen to dish out subsidies on green technology.
For car companies, only ultra-efficient internal combustion engines - both petrol and diesel - are the only economically viable options and they can continue without any subsidies and this dramatic change in the subsidy landscape will have massive effect on the electric and hybrid car market in Europe.
