Lincah Car

Electric car buyers in California will have to reach deeper in their pockets as the state has run out of the $5,000 rebates it was handing out to customers interested in vehicles like the Nissan LEAF and the Tesla Roadster. The generous rebate was given on top of the $7,500 tax credit offered by the government.

As for the 500 owners of electric cars that are currently on the waiting list to receive the rebate, California’s Air Resources Board said it will consider providing them with a $2,500 discount. Not what they signed up for, but still better than nothing.

With Tesla’s long anticipated Model S sedan still more than six months away, designers from all over the world have begun to speculate what will be next for the Silicon Valley-based automaker.

One such design study is the Current by Maxim Ostapenko, a graduate of Pasadena, California’s Art Center College of Design.

Essentially a four-door all-electric saloon car to compete with the likes of the Mercedes-Benz S-Class, BMW 7-Series and Jaguar XF, the Tesla Current shares its design heritage with the likes of the Mercedes-Benz F800 Style and the Citroen Survolt concepts.