In response to:

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

stephen602 Wrote: Dec 07, 2012 1:25 PM
I don't want my hard earned money funding these money wasting elitists' projects or rebates. I doubt if any poor or middle class have bought many or any Volts. I have only seen two so far, but then again I do not live in California. How can we stop this welfare for the rich ? Can our representatives or senators refuse to vote on any bill which contains this wasteful stupidity ?.... Oops, never mind, that is just about all they vote on.

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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