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Obama's Electric Car
Future Gets Zapped

Investor's Business Daily, by Editorial

Original Article

Posted By:pineledger, 9/27/2012 4:45:38 AM

This week, the world's largest carmaker said electric cars are a joke, and a congressional report said federal subsidies are a waste. You'd think that would shock President Obama out of his electric car fantasy. (Snip)Translation: Electric cars suck. Then, to complete Obama's industrial policy failure trifecta, Tesla Motors, which got a $465 million Energy Department loan, announced it had cut its revenue forecast and is now trying to get a waiver on the terms of that loan if it can't raise enough money from investors. The Energy Department already amended the Tesla loan once. But Tesla actually looks good

Comments:
The article goes on to describe Biden and Moonbat Chu standing before the Fisker plant pontificating about the jobs this was going to create, and calls the fiasco of Fisker "Solyndra 2.0."

      


Post Reply  

Reply 1 - Posted by: KTWO, 9/27/2012 5:13:58 AM     (No. 8892675)

The bad news from Tesla rather surprises me. They have seemed the most able of the start-ups.

I believe Nissan will cut back too. The Leaf sales are somewhere between dismal and imaginary.

Also, the article didn't even mention that Chrysler stopped their electric program this week. Supposedly a temporary pause to deal with battery problems.

But saying you have battery problems when you are making electric cars or hybrids is like saying you have an iceberg problem when your name is Titanic.

Not a great week for electrics. Will Obama dare throw more money at electrics before the election.



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Reply 2 - Posted by: sinic, 9/27/2012 5:25:02 AM     (No. 8892680)

"This investment will not only reduce our dependence on foreign oil, it will put Americans back to work," Obama promised."

Investment? I thought that word implied that you had a choice of where to put your money!
And, don't forget...in Obamas green weenie world, electricity's made from flowers and unicorn excrement. Gonna be kinda hard to charge up the overpriced dog when there's no coal, oil, or nuclear generating plants. I guess it all comes down to natural gas? Oh, wait...what about that "fracking" problem? Face it, 4 more years of these dreamers and we'll all be either walking or riding bicycles.


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Reply 3 - Posted by: Spidey, 9/27/2012 5:30:30 AM     (No. 8892681)

Obama's fully committed to battery development as least as far as funneling more wasted money to his donors.The problem is people simply don't want the hassle of plugging their damn cars every night and worrying about getting stranded in the middle of no where.

I can see in an Obama second term,him slamming big oil with a sur tax to make the price of gas shock people into buying a $40,000 white elephant cars in their driveway.

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Reply 4 - Posted by: Merlin251, 9/27/2012 6:18:52 AM     (No. 8892728)

Electric cars will solve the worlds transportation needs only when someone is able to repeal those pesky laws of physics!!! No matter how hard you try, you can't repeal, alter or tweak the laws of physics in order to fit some political or social agenda!!!


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Reply 5 - Posted by: Trigger2, 9/27/2012 6:24:10 AM     (No. 8892737)

I saw on Fox this week another electric car going up in flames while parked on a city street. Who is their right mind would buy one? Maybe a pyromaniac (sp).

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Reply 6 - Posted by: pineledger, 9/27/2012 7:28:41 AM     (No. 8892844)

Last spring Nissan was giving Leafs away.

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Reply 7 - Posted by: Old Army Vet, 9/27/2012 8:10:08 AM     (No. 8892926)

To think that electric cars are any kind of answer to our fossil fuel problem, (alleged problem), is just plane stupid. No range, no power, no good. Stick with hardware Fiskar, your car sucks.

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Reply 8 - Posted by: oh-heck, 9/27/2012 10:17:04 AM     (No. 8893300)

When the market chooses the winners, we all get better products, cheaper. When Obama chooses the winners, taxpayer money subsidize ventures that would never have gotten off the drawing board. Taxpayers spent more than $40,000 per vehicle so that unsuspecting consumers would buy a product that will have no value at all once the battery needs replacing. In the meantime the carbon footprint grows with each vehicle sold. We may ultimately be on the hook to dispose of the batteries.

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Reply 9 - Posted by: lil dotty, 9/27/2012 11:13:05 AM     (No. 8893496)

Electric car lost its juice? Anyone for recycling as bug zappers? Lots of blood suckers out there. A new industry for the making.....err building

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