According to a report, the World Economic Forum (FEC) wants to end “wasteful” private vehicle ownership and instead replace it with “communal sharing” of cars in an effort to reduce global demands for fossil fuels and precious metals.

British sports car maker Lotus now under the influence of Chinese automaker Geely, has commemorated the last examples of the Elise, Exige and Evora as it embraces the new era of its product line.