Once in office, he backed that up with a March 2009, executive order that offered “$2.4 Billion in Funding to Support Next Generation Electric Vehicles” to “help meet the President’s goal of putting one million plug-in hybrid vehicles on the road by 2015.” He continued the electric-car drumbeat in his 2011 State of the Union Address: “We can break our dependence on oil…and become the first country to have one million electric vehicles on the road by 2015.”
Tagged: electric cars
TweetMonths have passed since the saga about the fate of Fisker Automotive ended, which was the stimulus-funded electric vehicle flop that always seemed on the verge of bankruptcy but had[…]
As Energy Secretary Ernest Moniz announced last week a renewed push to provide $16 billion in taxpayer-backed loans for “clean” technology vehicles, more bad news emerged from another stimulus-funded electric vehicle company over the weekend.
Last week AAA released findings from tests it had run on three models of electric automobiles, and announced that the heavily subsidized vehicles suffer dramatic driving range loss in both cold and hot temperatures.
The news wasn’t new, but apparently the broader media noticed because the pronouncement from the nation’s largest consumer automotive club made it official. NLPC (beginning with a Consumer Reports experience) has reported from time to time on such problems since late 2011. The Tulsa World reported that AAA found driving distance for electric vehicles can be diminished up to 57 percent in extremely cold temperatures, and by one-third in very hot temperatures.
If you are looking for a book that will fully explain why affordable, reliable energy is absolutely crucial to our social and economic well-being, Energy Freedom by Marita Littauer Noon is the book for you.
The U.S. Department of Energy has a plan to reduce the cost of solar power by a factor of 4 by 2020 with the hope that solar would increase from .05% of our power to 14% by 2030. The motivation is, of course, to reduce emissions of CO2. This is Climate Realism, very similar to Socialist Realism.
The report this month about the shutdown of Vehicle Production Group – beneficiary of a $50-million stimulus loan from the Department of Energy – means the Advanced Technology Vehicles Manufacturing initiative within the Loan Program Office has been a thorough failure.
TweetI came across this article by Larry Bell from a little while back at CFACT, and also Forbes, that summarizes the terrible problems with electric cars. The Obama Administration and those[…]
Tweet Last month I wrote about the waste of money for renewable energy subsidies which described direct governments payments to individuals or companies using or providing renewable energy sources. This article[…]
TweetLast month solar companies Spectra Watt in New York, Evergreen Solar in Massachusetts, and Solyndra Solar in California went bankrupt. All companies had extensive subsidies from state and federal governments. Taxpayer losses most[…]