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

Moonbat Exterminator Wrote: Dec 07, 2012 11:23 AM
The electric car didn't work our for the Baker brothers a century ago, nor did the GM EV-1 25 years ago. Admittedly, the EV-1 was just a small scale experiment it did demonstrate the impracticality of electric vehicles for anything but niche applications. Large scale adoption of electric vehicles in a relatively short time would cause the grid to collapse under the additional load.

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, “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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