Friday, November 8, 2013

Electric cars: A waste of $5 billion?

To date, the federal government has spent:
  • $28 million on lithium mines
  • $27 million for lithium salts.
  • $2 billion to battery factories
  • $3 billion to automakers
  • A $7,500 credit to car buyers
  • $15 million to install car charging stations
In all since 2009, U.S. tax payers have paid $5 billon in stimulus money to put electric cars on the road. But the plan hasn't really worked.
All one has to do to see Americans aren't embracing electric cars is to drive empty charging stations, from Grand Rapids to Muskegon to Holland. 

No comments: