In response to:

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

rworthington Wrote: Dec 07, 2012 10:40 AM
several things here. the federal road tax is higher on diesel. true, no new refineries have been built; big oil has shut down several with the stated purpose of cutting gas supplies, thereby raising the price. i owned a ('84?) ford escort wagon diesel. when we moved to california in '85, averaged 57 mpg for the trip. i used to schedule mtce. when mpg dropped to 45! why did they stop offering cars like this? EPA

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...

Related Tags: Money