The Tax Office has now confirmed that the luxury car tax threshold for the financial year 2016-17 will increase slightly to $64,132 (up from $63,184).


 

 

 

 

An electric racing car built by Swiss student engineers has broken the world record for acceleration by battery-powered vehicles.

The Grimsel car took only 1.513 seconds to reach 100 km/h (62 mph) - slashing about a quarter of a second off the previous record time.

So far, no petrol-powered production car has managed to hit the same speed in a comparable time.