Tuesday, February 12, 2013

Charles Lane: Obama’s electric car mistake - The Washington Post

 

President Obama repeatedlydeclared that, with enough federal aid, we can put a million electric vehicles on the road by 2015. His administration has invested about $5 billion in grants, guaranteed loans — including $465 million for Tesla — and tax incentives to buyers.

Yet Americans bought just 71,000 plug-in hybrids or all-electric vehicles in the past two years, according to GreenCarReports.com. That’s about a third as many as the Energy Department forecast in a 2011 report that attempted to explain why Obama’s goal was not preposterous.

Charles Lane: Obama’s electric car mistake - The Washington Post

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