THE ELECTRIC CAR FUTURE THAT FAILED, PEOPLE WILL NOT BUY THEM: HILLARY WANTS MORE OF THIS

Posted on August 17, 2016

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Michigan Capitol Confidential: “Not long ago, many experts were projecting gas prices above $5 per gallon for the U.S. President Barack Obama said “with more research and incentives” there would soon be 1 million electric plug-in cars on the road. The top executive at General Motors claimed the company could sell 120,000 Chevy Volts in a year.”

That was in 2011, when GM’s electric plug-in car was still in its infancy. Former Michigan Gov. Jennifer Granholm very publicly bought her own Chevy Volt after telling the media that electric car batteries represented the “beginning of new Michigan.”
That didn’t happen, despite massive spending on taxpayer-funded production and subsidies for buyers. Today Chevrolet sells more $55,000-plus Corvette sports cars than Volts
.”

It was never about energy. The reason America is running dry on energy is because the liberals want it that way.

Obama spring 2011: “We need to show them that if they manufacture fuel efficient cars and trucks people will buy them. We need to put our money where our mouth is.” GM March sales:
C VOLT – .608 – ..37MPG
TAHOE – 6,844 – 17MPG

Nicolas Loris, Heritage Foundation: “It speaks to the government’s inability to predict markets.”

Markets deploy capital to their highest uses, hence greatest productivity.

Hillary’s 2016 economic plan is $275 million is for infrastructure spending, not demand spending. There was no demand for the electric car, no productivity.

How many other areas similar to this is our money being spent?

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Michigan Capitol Confidential: The Electric Car Future That Never Happened

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Posted in: News, Politics