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Electric Cars: The Environmentally Friendly Way of Losing Money Since 2009

Gary23 Wrote: Dec 07, 2012 8:01 AM
They sold almost as many Volts as they did Aztecs. The goal there was 70,000. They sold 14,000. (I think the real goal was 17,000 and they were just mis-quoted.)

A Congressional Budget Office report released in the fall tells Obama what the rest of us have known for some time: Your bet on electric cars wasn’t an investment, but a gamble; a dumb gamble.

And now you’ve just come up snake eyes.

“Despite the federal government pumping $7.5 billion into the electric vehicle industry in the United States through 2019,” writes the CSMonitor.com, “overall national gasoline consumption is unlikely to be significantly affected, according to a report released by the Congressional Budget Office (CBO).”

The CBO says that even if Obama increased the amount of the subsidy, it...

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