Obama Motors has been unsuccessful in marketing the Volt with a list price below cost, even with rebates. The CBO recently admitted electric cars are currently a waste of money and must evolve through private industry when the public demand is there.
Business Insider: “I’m not knocking electric cars, I’m knocking DC’s role in this industry. Washington has provided the loot necessary for research on battery design, it has committed to up to $25Bn of soft loans to the auto industry and it is subsidizing every electric car that is sold. Without the massive support from our “rich” Uncle Sam there would be no electric car industry in the USA.”
Recently Toyota made the decision to back away from the electric market, they do not want to build the cars now.
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Posted on September 24, 2012
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