Archive for : March, 2018

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New Study Reveals What You Really Make Driving for Uber

Unfortunately, while numbers themselves never lie, the people who work with them can manipulate them to indicate things that they really don’t.

Case in point is the recent study done by MIT for Lyft and Uber drivers — which, on the surface, seemed to indicate that the average wage for a Lyft or Uber driver was a paltry three dollars and thirty seven cents per hour. This hasn’t turned out to be quite the case, but the study did point out that drivers for both companies are feeling victimized as more and more expenses involved in being a so-called contract driver are pushed onto them in ways and by means that most drivers consider to be unfair, if not downright illegal.

The MIT study came out last weekend, with over a thousand drivers for Lyft and Uber responding to the comprehensive survey that looked into specific expenses for driving for Uber and/or Lyft. (One surprising result of the survey was the discovery of a small minority of drivers who managed to drive for BOTH Lyft and Uber, which is against company policy for both organizations!) The study took into account such common vehicle expenses as automotive amortization, fuel, car insurance for both driver and passenger, and average repair and maintenance costs. With all the deductions involved, around thirty percent of the drivers in the survey actually showed a loss when driving for Uber or Lyft, with around seventy-five percent making less that their state’s legal minimum wage. When the numbers were averaged it appeared as if ALL drivers were making just around three dollars a spare change per hour. But that wasn’t the real scenario — a large group of drivers, although NOT a majority, actually made much more than that.

The study’s flaws have been thoroughly analyzed and explained by the economic chief at Uber, who says that some deep methodological flaws in study need to be corrected before the conclusions reflect a true state of affairs. And he’s not the only one to say the report is skewed. Dr. Stephen Zoepf this week also agreed that the report did not use proper checks and balances in analyzing statistics. Zoepf is a chief author of the MIT Center For Environmental and Energy Research Policy report, as well as the head director for the Stanford University CAR (Center for Automotive Research.)

When Zoepf used 2 different sets of algorithms to recalculate the same results from the MIT study he discovered that the results were not nearly the same. His first set of calculations showed that the average driver income for either company was pegged solidly at eight dollars and fifty five cents per hour, and that only eight percent of drivers were losing money and that fifty four percent were still making less than their state’s minimum wage.

Zoepf’s second method of calculation showed that median pay for drivers came in at ten dollars an hours, with approximately forty percent making less than their state’s minimum wage, and only four percent losing money.

This goes to prove once again the old adage: “There are lies, damn lies, and then there are statistics!”

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5 Reasons Why SUV’s Are Making a Comeback In 2018

Every year, there are always new cars hitting the market that are ready to cater to its targeted driver. But one vehicle in particular that is currently trending is the SUV. It’s garnering attention for a reason! They’re multipurpose and an efficient choice for certain individuals and families.

These are five reasons why SUV’s are making a comeback in 2018:

  1. Many people live more active and adventurous lifestyles

Any person who loves to embrace the great outdoors and adventures needs a vehicle that fulfills their every need. An SUV is their ideal choice because of its large cargo space that can hold all the necessary equipment. In addition to its expansive storage space, most SUVs come equipped with roof-racks to handle sports’ gear. For example, you may love to hit the mountains for snowboarding every January: the SUV cargo space and racks can hold multiple snowboards, skis, and snow gear while still have an adequate and comfortable amount of room in the front for passengers.

  1. They’re built to combat harsh weather conditions and unconventional terrains

SUV’s are made to withstand harsh weather conditions, terrains, and climates, like floods or snow. While these are extreme cases, it shows that an SUV can handle off-roading, unlike its “everyday-commute” counterparts. If you wanted to go camping or drive through a canyon, the more rugged suspension and clearance make it better suited to climb over inclines and power through uneven surfaces.

  1. Large vehicles are inherently safer than smaller cars

The SUV’s increased weight lessens the impact of a crash, making it more effective at protecting you in an accident. Subsequently, because they are equipped with wide hoods and larger crumple zones, they prove to be beneficial when it comes to handling frontal crashes since they absorb the energy of the impact itself.

Plus, a safety feature that often comes standard in SUV’s are side air-bags. This is a feature especially valued by families who want to be extra cautious of their children’s safety, especially in a worse-case scenario.

  1. They can tow up to 7400 lbs – a perfect feature to utilize during a big move!

In the circumstance of preparing for a move, renting a moving truck is expensive, but with an SUV, you can tow your own furniture and personal items in a trailer to save money. This characteristic is also significant for people and businesses who must tow large weights often, such as stacks of wood and metal. Smaller cars get weighed down by the excessive weight of cargo, which damages multiple aspects of the vehicle. But an SUV can tackle that feat without any problems

  1. You can get good mileage out of an SUV

Depending on gas prices at the time, people are more willing to buy high-MPG SUV’s and make the most out of their cheaper mileage. Moreover, SUV’s have multiple models that are both efficient and ergonomic. They can be manufactured to be hybrid vehicles equipped with clean-burning diesel engines that are valued by individuals who want to be eco-conscious drivers.

In the market of vehicles, SUV’s are the four-wheel drive vehicles that are always a favored choice among individuals with active, outdoorsy, and adventurous lifestyles all the way to friendly families in your suburban neighborhood. If you’re looking to buy a new car, SUV’s can make their way to the top of your list. Take time to hunt for simple leasing deals that make it easier for you to pay off a lease or immediately purchase a car in the future! With a promising landscape of features and safety, you can bet that the SUV will make an impressive comeback in 2018.

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It’s a Bird! It’s a Plane! It’s . . . A Flying Car? The Newest Mode of Transportation

The next time you look up at the sky, you might be seeing a car. What does this mean for drivers, insurance companies, and the future of transportation?

Remember that magical moment in Harry Potter and the Chamber of Secrets, when Ron and Harry are soaring through the clouds in an old Ford Anglia? It’s now a possibility.

The first production-ready flying car has hit the market, and it really does fly. Produced by PAL-V, the Liberty comes complete with a top speed of 100 miles per hour and a maximum altitude of 11,000 feet. As reservations for the vehicle increase and the rest of society groans in anticipation, other companies are working to release designs. In fact, at the end of 2017, 15 corporations were developing plans for flying cars. Last year, Elon Musk promised that the Tesla Roadster would be hitting the road—and the sky—around 2020. Even Uber has made arrangements for flying cars, discussing a pilot service in 2020 in Los Angeles, Dallas-Fort Worth, and Dubai.

In the meantime, everyone’s wondering if these contraptions are science fiction and what this means for transportation, safety, and the automobile industry in general.

How the Liberty Works

Do you like Transformers? If not, this might change your mind. As the first commercial-ready flying car, the Liberty is only one design of many to come. It looks like a new-age automobile on the road, with a sleek, elliptical body and only one front tire. When it is in flying mode, a rotor blade and tail manually extend, transforming the vehicle into a miniature gyroplane-car. For those worried about jet-fuel, put your mind at ease: this automobile-helicopter duo runs purely on unleaded gasoline.

Other vehicles—like the AeroMobil— have taken a more plane-like approach, with design aspects similar to an airplane.

Licensing

Owning a flying car doesn’t come without a fair amount of work. In the US, as soon as the car becomes airborne, it is no longer considered an automobile. Therefore, to operate the vehicle in the air, the driver must have a pilot’s license.

Other companies with upcoming flying cars indicate that a pilot’s license may not be necessary. The Terrafugia’s Transition, for example, will only require a standard US driver’s license.

Take-Off and Landing

No, there won’t be random vehicles on the highway next to you that erupt suddenly with rotors. Drivers must use an existing airstrip to get into the air or to land on the ground. According to the Bureau of Transportation, there are about 19,000 airports in the US. How many of those can be accessed and used by the public is open to debate.

Crashes

Right now, there just aren’t enough flying vehicles and drones in uncontrolled airspace to create a huge cause for concern. However, the day is sure to come. When it does, NASA’s Highway In The Sky (HITS) program may be the answer. It provides a virtual “highway” display and a pre-planned course that allows drivers to fly safely. As for malfunctions while flying, the same regulations that are expected in airplanes apply to flying cars. Even pre-flight checks are necessary.

Insurance

“Flying vehicles may reveal a new set of dilemmas in terms of liability,” says attorney Jason Baril of the Law Offices of Ogle, Elrod, and Baril.

Indeed, creating estimates and regulations based on recently-released technology is difficult. Jim Weiss of Verisk, a data analytics provider, writes, “Although the Transition may be decades from commercial availability, automobile insurers are vying to keep pace with a flurry of other recent innovations, including lane departure and blind-spot warning systems, driver alertness monitoring, collision preparation systems, and self-parking.”

Putting it simply, insurance is going to be costly, and agencies are still working out the kinks.

The Future

The sky is not falling, but more people will be up there. In a society obsessed with time and convenience, it’s no wonder that vehicles are taking to the air. For now, however, regulations are in place that will dissuade numerous drivers from flying anytime soon. After all, obtaining a pilot’s license takes time, money, and patience. For those of you dreaming of the day you can skim the clouds with your tires, consider the other technological advances being made in transportation. While many manufacturers are citing 2020 as the deadline for their own flying car’s commercial release, supersonic passenger planes, hyperloop trains, and supersonic submarines are well on their way to becoming a reality.

In conclusion, don’t give up on that dream of cloud-tipped tires, but if it comes true be sure to watch out for Whomping Willows.

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What to Keep in Mind When Buying a Used Car

Purchasing a used car is a fantastic way of shrinking the cost of your vehicle as many new cars lose a lot of their value in the first 12 months (40%), especially if you are looking for car loans for bad credit. There are risks so it is definitely crucial to take as much time as you require rather than rush into any old deal where you can get ripped off. Here are five things to keep in mind when buying a used car:

Older cars are way cheaper than newer cars

The average cost of a new car is currently around £28,500 which dramatically decreases to £21,000 after 10,000 miles has been put on the clock. A price reduction of 27% after just one year. If you decide to bag an older model you will be able to drastically cut the upfront cost (except when you pick popular, expensive brands like Mercedes and Porsche cars).

When is the best time to buy a used car?

Believe it or not, there is a right time to buy a car, and it can effectively slash costs of the car you want. Once you’ve decided on the vehicle you want to purchase, make sure you wait till the end of the quarter, a time when dealers are in a rush to meet their targets so they can claim that bonus at the end. Therefore, it might be best to wait till the end of March, June, September and December as the dealers will need get rid of their cars and will be more open to negotiations and offering better finance packages. This does not work with private sellers, of course, and there is therefore no good or bad time to buy a car from them.

How much will a used car cost me?

Before you start thinking at all about how much a car is going to cost you, you need to choose which car you would like to purchase first, you can then move on and start thinking about how much you are going to be forking out for your vehicle, upfront and ongoing. Make sure you have the following costs budgeted for before you purchase:

  • Upfront cost
  • Finance payments
  • Gas
  • Tax
  • Car insurance
  • MOT
  • Servicing
  • Parking permits and tolls
  • Other miscellaneous payments (tyres, repairs, cleaning).

Always haggle

You don’t have to be down a backstreet flea market to be able to haggle over a product or service. It all comes as part of the service and is part of a dealers bread and butter when dealing with car sales, and is almost expected of you by the car dealer. Make sure you bargain hard and do not relent unless you get at least some money off! Look up the cheapest web prices and make dealers contend for your custom.

You need insurance before you buy a car

Be sure to get your car insurance before you buy yourself a car. The same as when you are buying a house, you need to have insurance in place as soon as you are the legal owner – even if you’re not going to be using it yet. This is obviously in case anything happens to the car, it’s your responsibility. You may be taking additional care of your brand new car, but what if you get to the motorway on the way home from the showroom or seller’s home and someone drives into the back of you?

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12 life-saving tips for teenage drivers

Many children dream of driving their parent’s car from the early age. And when a child gets old enough to be able to learn to drive, he or she does not fully realize what a responsible task it is. Driving is similar to fire essay writing as you will compose a text uniting words into phrases and sentences into paragraphs. The same is with driving – you will get to the final destination only covering every new meter of the road. That is a reason for an instructor to pay more attention to a teenage driver and teach him details that will help to cope with any challenges on the road. If you are a young person who learns to drive, read out these tips carefully and they will add you confidence with a wheel in your hands.

  1. Put the hands on the wheel in a position of 3 and 9 o’clock

Many instructors advise to choose 2 and 10-hour position, but for young people, it is better to find a more stable position that is in both central parts of the wheel.

  1. Relax your arms as they improve control

Though it may seem that relaxed arms lack control, in fact, the relaxed muscles respond quicker than tense ones. Staying always under pressure arms get tired and react worse.

  1. Take away the phone out of the reach

The main distraction that causes accidents on the road is a mobile phone. The first thing you should do when you sit at the wheel is to put it out of the reach.

  1. Stay positive

Frustration or any other negative emotions never contribute to the quality of driving. Sitting in front of the wheel you should be very attentive while a bad mood prevents you from doing that. Avoid driving a car if you feel bad as you can acclimate yourself and other people.

  1. Train with your instructor to turn abruptly at high speed

It is very important to learn to react quickly to the situation on the road, so the instructor should train the young driver to such possible cases making him or her turn abruptly or apply emergency braking.

  1. When oversteer, press on the brakes and regain control

There is nothing surprising in oversteering at high speed. The first thing you should do is decrease speed and return to the initial position safely.

  1. Drive at 30 MpH and try mashing the brake pedal to the floorboard

Emergency situations require abrupt stopping. Not to oversteer and put your life in danger learn to do that at a quite low speed.

  1. Have driving lessons in different weather conditions

If you learn for a driving license in summer, be ready that it will be twice more difficult to drive in winter. That is the reason to try driving in as many weather conditions and on various surfaces as possible.

  1. Create a parking place using two cones and park both with the front and back of your car

Parking is often a reason for minor car damages. Improve your parking skills when you learn.

  1. Analyze the road for exit areas

To prevent collision, it is better to veer into a grassy area rather than get into an accident.

  1. Drive a car with the manual transmission

Even if you are sure to drive a car with automatic transmission, it is preferable to learn to drive a vehicle with manual transmission.

  1. Consider pro and extreme driving lessons

The best way to feel confident on the road in the driver’s seat is to become a professional. Learn from experts to drive in extreme conditions and gradually you will become a pro too.

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6 Benefits Of Airport Transfers

While travelling, there are a number of things that must be taken care of and must be considered for making the stay more comfortable. A major aspect of the same is travelling past the airport. A lot of people prefer buses, trains and some even find it interesting to drive by themself by hiring a car. Another very interesting option is of travelling through the airport transfers and some of the benefits of making use of the same are mentioned below

  • No waiting in the queues

Unlike most of the other types of transportation services, the airport transfers does not make you wait for a very long time in the queues. They have a very easy to follow and use process in which you are required to book the airport transfer either beforehand or you can get them after reaching the airport as well.

  • No cost of fuels

When you drive using your own vehicle, you usually bear the fuel charges which are as high as sky in some of the countries. Using the airport transfers is therefore, a cheaper and more convenient option in case you are visiting a new place opr are returning to your own country from a trip. Just order the airport transfer and you are good to go!

  • An experienced driver

Most people hire a car from the airport for driving by themself but in that case, you should be aware of all the directions and the places to visit. An airport transfer has a regional driver having all the important information about the place including the direction, adventure spots and the timings of opening and shutting down of a particular place.

  • You can rest in peace

A lot of people are not very comfortable in the aeroplanes and they therefore, they get tired soon af5ter the flight lands. In that case, people do not find it a good option to travel by driving their own car. While in the case of airport transfers you can rest in the taxis while the driver takes you to your destination.

  • No paperwork or ticket system

When you visit a new country and you plan to hire a car for driving, the procedure takes loads and loads of time, it isn’t just picking up the keys and driving straight towards your destinations. On the other hand public transports like buses and trains take a lot of time due to the ticket system. Both of these cases aren’t true when it comes to airport transfers.

  • It is safe

It is very safe than any other option as you are secure with the driver and the car which isn’t a case when you drive by yourself in a country you know nothing about. In comparison to even trains and buses, making use of airport transfers is a safe method of travelling.

These are some of the plentiful real benefits of travelling through the airport transfers while you are in a new or different country than yours. Another noteworthy point here is the airport transfers can also be used when you are travelling in your own country but by the air route.

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How Technology is Changing the Way We Drive: The Good, the Bad and the Ugly

Can you remember a time when only some lucky families had a car phone? A time when your vehicle’s only entertainment option was a tape deck? And kids had to suffer through long car rides without a tablet to watch TV shows and movies? If you can, you’ve seen a tectonic shift in technology over your lifetime. Unfortunately, not all changes have been for the better. Read on to learn about the good, the bad and the ugly when it comes to how technology is affecting the way you drive.

The Good: Technology is helping us change our driving habits for the better.

Technology can help track and regulate many areas of your life, like fitness apps that count your steps each day, meditation apps that help manage your stress, and banking apps that track your spending.

Now, you can apply the same principles to your driving habits with a Usage-Based Insurance (UBI) plan that uses a telematics device installed on your car to track your driving behaviour, such as acceleration, speeding, braking, time and distance driven. This information is sent to your car insurance provider and can help them better assess your risk as a driver.

So why would you agree to share all this personal data? Well, for starters, one insurer reports that 70 percent of drivers with this type of plan earn some kind of discount because their data demonstrates safe driving habits. As an added benefit, though, studies have shown that since drivers with these plans are receiving real-time feedback on their behaviour behind the wheel, most participants improve their habits over time. Finally, insurers are not allowed to raise your premium or deny you coverage based on the information they collect – so there is more to gain than to lose if you agree to share your data.

The Bad: We’re relying too much on technology – and not enough on our own judgement.

The cars we’re driving are smarter than ever; blind-spot detectors can let you know when it’s safe to change lanes; automatic braking can allow your vehicle to take action when an imminent collision is detected; and rearview cameras can making backing up easier and safer. So, shouldn’t this mean that we’re safer than ever?

Unfortunately, it seems the opposite is true: drivers are exhibiting lazier habits and riskier behaviour because of an over-reliance on technology. For example, one study has shown that drivers’ using blind-spot detection systems were less likely to look over their shoulders and check their blind spot when changing lanes. In another study, drivers who were aware that they had an anti-lock brake system engaged in riskier behaviour that included driving faster, following closer and braking later.

The Ugly: We’re paying more attention to our phones than to the road.

According to the Ontario Provincial Police, distracted driving is the deadliest driving behaviour on Ontario roads. Their statistics show that inattentive drivers caused 83 road fatalities in 2017, surpassing deaths related to speeding (75), alcohol and drug use (46) and lack of seat belt use (49). The RCMP considers distracted driving as a form of impaired driving, as your judgement behind the wheel is compromised if you’re not fully focused on the road.

There are many things that can distract you as a driver: talking on the phone, listening to loud music, applying your make-up, and eating and drinking are some obvious culprits. But the one behaviour that seems to be causing the distracted driving epidemic is texting and driving, something 83 percent of respondents to a Canadian Automobile Association survey said was a bigger problem now than it was three years ago. Unfortunately, the large number of accidents due to distracted driving proves that people are engaging in this risky behaviour even though they understand the danger.

While there are lots of technological advancements that are making driving more safe and enjoyable, it’s clear that there are just as many – if not more – risks that come with those benefits. It’s unlikely that we’ll be returning to a time of car phones and tape decks, so it will be up to car manufacturers, governments and drivers to find a better way to integrate technology into our driving lives.

Self-Driving Car Loophole Could Protect Car Companies from Legal Issues

Self-driving vehicles are the wave of the future. Car manufacturers are focusing a large portion of their research and development efforts into the self-driving industry. Ride hail companies are also investing in self-driving vehicles with the hopes of operating their own fleets of self-driving taxis.

And while this technology has the potential to lower the amount of car accidents and deaths annually, it’s what happens after an accident that should concern passengers the most.

“Victims of car accidents go through the entire auto accident claim process. She negotiates with insurance companies, obtains medical records and other important documentation needed to file your claim,” states injury attorney Denise Bradshaw.

It’s a complex process, but new legislation being considered by the Senate may change the rules.

What You Need to Know About the AV Start Act

The bill, being pushed by tech companies and car companies, is being called the “AV Start Act.” The bill passed through the House unanimously, and now it’s going to the Senate to be considered further.

Experts are concerned that the bill puts too much faith in self-driving vehicles claiming that bugs and errors will happen.

Even a variable as simple as placing a sticker on a stop sign is able to disrupt self-driving technology. Misinterpretation by the onboard system can lead to a car crash.

What the AV Start Act does is:

  • Not prohibit forced arbitration

The manufacturer of the autonomous vehicle and the consumer would not be able to go into forced arbitration. If Toyota makes a self-driving vehicle that is found to have sensors that are defective and caused thousands of accidents, consumers could not join a class action lawsuit against the automaker.

Victims would also lose their ability to sue the manufacturer of the technology.

Instead, the only legal resource that the victim has is to file for arbitration. It’s always in the best interest of the arbitrator to keep themselves in business, so they’re less likely to vote in favor of the victim.

A balance of power is lost when arbitration occurs. The public is also kept out of the “loop” when arbitration occurs. Private arbitration could lead to the public not being alerted to flaws in self-driving vehicles, which could lead to future accidents in the future if a defect is causing the accidents to occur.

The bill has been scrutinized by Senators, but no one has yet spoken out about the arbitration clause which will negatively effect passengers in self-driving vehicles.

Experts are also concerned that hackers could infiltrate the self-driving vehicle, causing accidents in the process. Federal safety protection is lost if the new bill passes, keeping the automakers away from liability clams.

Uber and Lyft already have a forced arbitration clause in their terms of service.

The signing of the terms of service, which most people do not read when they sign up for either of the apps, signs away the user’s right to sue Uber or Lyft.

Automakers focusing on self-driving vehicles and technology have not commented on the matter.

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5 Tips to Stay Safe on the Road

Surprisingly few people understand the comprehensive nature of car crashes. Many fatalities are less a matter of bad luck and more an issue of preventable circumstances. In fact, there are several tidbits of knowledge that can aid you in the event of a car crash. Below, we’ve listed some little-known facts about automotive accidents that may surprise you.

Fact 1: Frontal collisions are usually safer than side-swipes.

The crumple zone, an area of the automotive specifically made to crunch in the event of a collision, is usually concentrated in a car’s hood. The extra space absorbs the kinetic energy as it crumples, but in side-swipe accidents, there may only be a mere 15 centimeters between you and the oncoming car. The Honda Accord, one of the most popular cars in the US, has a hood around 60 inches in length. Compared to a meager 15 centimeters, that’s approximately ten times more space for kinetic energy to be absorbed. Severe injuries, including ones to the chest, head, and insides, are common in side-swipes and the risk of fatality is much higher than in frontal collisions.

Fact 2: Small speed changes make a huge difference.

“The energy of a car crash,” says Jason Hennessey, marketing consultant for Houston Accident Attorney, a law firm that handles automotive accidents, “is proportional to the square of the speed. Even slowing down five miles per hour can drastically influence the potential for injuries.” Putting it simply, a 1 percent change in speed results in a 2 percent change in injury accidents. However, the chances for severe injuries increase 3 percent and the possibility of fatality increases 4 percent. Slowing down 5 miles per hour may just save your life.

Fact 3: Cell phones are more dangerous than you know.

Most people are aware that cell phones inhibit reaction speeds and driver focus, with a recent study indicating texting increases the chances of a crash by anywhere from 8 to 23 times. What you may not know is that cell phones are now being used to recreate accidents and determine fault, which can lead to steep penalties.

Fact 4: Parking lots are not as benign as they seem.

Don’t let the low speed limits lull you into a false sense of safety; parking lots are the most common site for an accident. The National Safety Council has stated that 1 in 5 accidents occur in these locations.

Fact 5: Night driving is dangerous.

The risk of a fatality during a crash increases threefold after the sun sets. Many factors influence this upsurge: fatigue and reduced depth perception, color recognition, and peripheral vision are just a few. However, that doesn’t mean you should leave your brights on the entire time you drive. Recent attention to damaging LED headlights has led to a national petition to ban blinding headlights. They may help you see, but they are dangerous to others.

 

In the case of driving, knowledge may just save your life.

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New Croatian Electric Car Will Break Previous Speed Record

Recently announced, the new electric roadster flabbergasted the electric car lovers with its remarkable characteristics: 2,300 ft-lbs of torque, zero to sixty in 1.9. Yet the Croatian car manufacturer Rimac was brave enough to introduce a new prototype in Geneva, which was claimed to be even faster than the current record holder among hypercars.

The electric hypercar Rimac C_Two is rather a pre-series showpiece than a concept since the project is currently running the final adaptation tests. And what is more, the claimed characteristics of the car impress a lot.

As the previous model Concept One, the new Rimac C_Two is driven with four electric engines — one for each wheel. The total energy output estimates to 1914 horsepower and 1696 ft-lbs of torque. The torque is four times less here than in the latest vehicles with three engines. Yet Rimac boasts better acceleration ratio. Thus, the new Rimac C_Two will have zero to sixty in 1.85 and the peak speed of 256 mph as compared to the current record holder’s 1.9 seconds and 248 mph.

But at the same time, the commercial giants offer better energy performance, whereas the Croatian car has only 120 kWh to drive 400 miles on one charge.

The new electric automobile will have a bunch of technologies hidden under the bonnet. Adaptive Cruise Control, aerodynamic balance elements, Lane Keeping Aid are the major add-ons. A driver will also get bonus features such as self-driving and face recognition, allowing to get rid of keys.

Besides, the new Rimac is equipped with seven cooling systems, while at the same time the trip computer allows drivers to download the maps so the car can indicate the turning trajectories.

The project kick-off is scheduled for this year. However, the company is going to release only 150 vehicles. Estimated price is around $1.85 million.