The world is rapidly becoming urban. More than half the world’s 7-plus billion people live in urban areas (urban cores, suburbs and small towns). Nearly a quarter of the population lives in “cities” of a million or more. Eight percent reside in megacities — urban areas of at least 10 million. And that percentage rises with each new megacity
Since 2011 NLPC has tracked the stimulus-funded fiascoes that were/are battery-maker A123 Systems and luxury electric automaker Fisker Automotive, who at one point were business partners (or stuck with each other, depending on your perspective). Both eventually went bankrupt, and cost taxpayers millions of dollars from Department of Energy awards that were never paid back. Chinese company Wanxiang Group ended up with both failed enterprises, buying their assets for cheap.