Tag Archives: electric cars

Buying Into Electric Vehicles Will Cost Auto Firms Dear

Having discovered that there is no viable market for electric cars, global car manufacturers face big losses on their investments. Small plug-in vehicles like the Renault Twizzy may be of some utility in big cities, but barring some breakthrough that overcomes the cost and weight of batteries, fully electric vehicles will remain a niche product for decades to come. The automotive industry is learning the hard way that electric cars are just too darned expensive, and their range too inadequate, to appeal to a mass market.
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When Green Doesn’t Mean Green: Obama is Backtracking on Clean Energy

Environmentalists seized upon President Obama’s stimulus plan as a means to turn America into a low-carbon economy by pouring massive amounts of money into clean energy and green transportation. But in these tough economic times, taxpayers are not prepared to keep footing the subsidy bill. Belatedly, there is now recognition at the highest levels of government that a green industrial revolution is no longer realistic, economically or politically.
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