In response to:

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

m90 Wrote: Dec 07, 2012 6:20 AM
The Volt isn't new technology. That's the problem. The "electric car" has been the coming thing for over 100 years and likely will continue that path well into the future.
Ron781 Wrote: Dec 07, 2012 9:19 AM
Just like fusion energy, "we just need a few more years".
Stuart46 Wrote: Dec 07, 2012 6:48 AM
Google 1911 White Electric. Google early electric cars and you will find electrics produced in the early 1900s

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...

Related Tags: Money