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

WhiteHatBobby Wrote: Dec 07, 2012 7:50 AM
This is what happens when the Modern Left takes over the energy policy. The seeds started in California Air Resource Board's Zero Emissions Vehicle mandate (ZEV), and the Democrat veto-proof supermajority on the 2007 energy law that forced Detroit to give up on 6 and 8 cylinder family sedans in favour of 3 and 4 cylinder cars and electric cars. Obama stole GM and Chrysler for contributions to opponents, while Ford took almost $6 billion to push for more electric cars and we don't hear much about the Mondeo Energi or C-MAX, let alone the Ford Focus EV. Why did Pelosi and Reid celebrate in a Toyota Prius?

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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