Electric Car Follies: A Sad, but Predictable Tale of Government Stupidity
by Rick Moran
In President Obama’s 2011 State of the Union speech, he laid down an ambitious goal:
[quote]“We can replace our dependence on oil with biofuels and become the first country to have a million electric vehicles on the road by 2015″ Obama said in January 2011.
CBS surveyed the market back in June and reported the bad news for Obama:
To get to one million, the White House pinned its hopes on 11 models of electric vehicles – including the Karma. Our CBS News investigation found that six of the 11 — Ford Focus, Ford Transit Connect, Fisker Nina/Atlantic, Tesla Model S, Tesla Roadster and Think City — either haven’t made their first delivery, stopped production, or are already out of business.
Others aren’t even close to the government’s 2015 projections. For example, 36,000 Fisker Karmas and 505,000 Chevy Volts were supposed to be made. But current projections slash the Karma’s 2015 number in half to 18,000 and put the Volt at one-eighth of the goal at 62,000.
Ya know, if it weren’t for government being behind these hypes with subsidies, some would never have been marketed, and others would be subjects of SEC investigations that would put some of the hypesters in prison!