Obama's One Million Electric Car Goal:

Three Percent Complete



In 2011, President Barack Obama set a goal of putting one million electric cars on American roads by 2015. Currently, there are just 30,000 electric cars on U.S. roads.

The abysmal numbers are even more surprising considering the government's efforts to prop up "green car" manufacturing. Electric luxury car manufacturer Fisker, for example, was approved for a $529 million taxpayer-funded government loan; the federal government cut off the funds at $193 million after sales fell woefully short of required targets. The struggling electric car maker recently recalled 2,400 of its Karma vehicles when one caught fire due to problems with its cooling fan.

Read more: http://www.breitbart.com/Big-Government/2012/09/08/Obama-s-One-Million-Electric-Car-Goal-An-Epic-Fail

Proof that demand side economics is a highly flawed model. Artificially created demand will not result in a supply to fill it. Another recent example, just in case one remains unconvinced, is the federal requirement regarding the percentage of cellulose based ethanol that gasoline must contain. The required commodity is unavailable for purchase to meet the mandate and yet the federal government is still seeking to levy and collect fines for noncompliance with the mandate.

Commerce results from market demands, not government ones.

I can see it now; we'll be taxed extra if we don't buy an electric car. Good thing we have a lot of coal to fire those electric plants to charge those suckers!

I just hope the environment can handle the manufacture and disposal of that many of today's batteries. Not to mention the nuclear waste from the power plants used to meet the increased demand for electricity.

Nearly two years after the introduction of the path-breaking plug-in hybrid, GM is still losing as much as $49,000 on each Volt it builds, according to estimates provided to Reuters by industry analysts and manufacturing experts.

Nice.

Cheap Volt lease offers meant to drive more customers to Chevy showrooms this summer may have pushed that loss even higher. There are some Americans paying just $5,050 to drive around for two years in a vehicle that cost as much as $89,000 to produce.

The gubberment is subisdizing the car with taxpayer money and we are losing as much as $49,000 on each Volt it builds. In addition, it's subsidizing the leases- so the people leasing the car don't pay anywhere near what the car actually costs- and so the numbers of actual sales look pumped up.

This is a obsurd- and a total waste of tax money. This is how the government does business. They care not how much of our money they piss away.

http://finance.yahoo.com/news/insight-gms-volt-ugly-math-041323478.html;_ylt=ArdrcIQNuDfOMUp0eycwhSyiuYdG;_ylu=X3oDMTNyaXVuN2tpBG1pdANGUCBUb3AgU3RvcnkgTGVmdARwa2cDODEzNDJmMmEtM2JlOC0zZDEwLTg1YTAtZTNlMzU2NTM4ODliBHBvcwMzBHNlYwN0b3Bfc3RvcnkEdmVyAzgwMmQ5MTYwLWZhZmYtMTFlMS1hMWMwLTAwYzVhOGVhOWQxNg--;_ylg=X3oDMTFpNzk0NjhtBGludGwDdXMEbGFuZwNlbi11cwRwc3RhaWQDBHBzdGNhdANob21lBHB0A3NlY3Rpb25z;_ylv=3

The gubm'nt isn't subsidizing anything of the sort with GM, and if GM wants to sell them at a loss until they gain favor, or come down in cost-to-produce that's GM's problem...not Obama's. Is he in favor of cheap-to-operate vehicles? You bet. So am I.

So, considering the FACT that GM payed back the gubm'nt loans in April of 2010, I suppose you have a link to prove that the GM losses are being subsidized by the gubm'nt?

GM pays off its bailout loans
By Peter Valdes-Dapena, senior writer, April 21, 2010

NEW YORK (CNNMoney.com) -- General Motors has made a final payment of $5.8 billion to the U.S. and Canadian governments, paying off the last of its $6.7 billion in loans, the company said Wednesday.

"I am very pleased to announce that, as of today, General Motors has repaid, in full and with interest , the loans made last July by the U.S. Treasury and Export Development Canada," said GM chief executive Ed Whitacre, speaking at a plant in Fairfax, Kan., where GM builds Chevrolet Malibu and Buick LaCrosse sedans.

http://money.cnn.com/2010/04/21/autos/g ... /index.htm

So, unless you DO have a link showing that the government is subsidizing this, then that would make you a liar....wouldn't it? So, what "waste of taxpayer money" are you talking about? (I suppose you noticed the part about "WITH INTEREST"?...So, that would mean that the gubm'nt MADE MONEY on the loans, and rather than it costing the taxpayer ANYTHING, it put more money back in the Treasury...) So, I'll wait for that link....

But it really is hysterical to watch you clowns defecate all over yourselves bouncing the rightie-echo-chamber stuff around...

I wonder what happened to all those early steam-operated cars that came out first?... Followed by the "internal combustion" engine... I wonder how long it will be before the battery-operated stuff will give way to the fuel-cells and/or atomic powered stuff, (as soon as they figure out how to make it safe?) I wonder what it will cost to buy a pellet of atomic fuel that will power your car for the next 50 years, without having to use fossil fuels? (I wonder how hard the fossil-fuel companies will fight to make sure that never happens?)

And you clowns will still be fighting over gasoline...and buggy whips...

(This is where they start posting Rightie cartoons, since they have nothing else FACTUAL to post...)

Internal combustion beat out steam because it became more commercially viable.

Electric (or whatever) will beat out internal combustion when it becomes more economically viable.

No sense in trying to push it. It'll happen without any interference from any government agency.

There IS NO GOVERNMENT AGENCY "INTERFERENCE"...

And my point was that at some point, some company thought Steam-powered vehicles were the "wave of the future" and sunk some corporate money into it. Not all first-attempts are successful. So, you want to continue to beat up on "job-creators" and "innovators" who's first attempts were not complete successes? Let's go for it.....

So, I'll repeat:

So, considering the FACT that GM payed back the gubm'nt loans in April of 2010, I suppose you have a link to prove that the GM losses are being subsidized by the gubm'nt?

GM pays off its bailout loans
By Peter Valdes-Dapena, senior writer, April 21, 2010

NEW YORK (CNNMoney.com) -- General Motors has made a final payment of $5.8 billion to the U.S. and Canadian governments, paying off the last of its $6.7 billion in loans, the company said Wednesday.

"I am very pleased to announce that, as of today, General Motors has repaid, in full and with interest , the loans made last July by the U.S. Treasury and Export Development Canada," said GM chief executive Ed Whitacre, speaking at a plant in Fairfax, Kan., where GM builds Chevrolet Malibu and Buick LaCrosse sedans.

http://money.cnn.com/2010/04/21/autos/g ... /index.htm

So, unless you DO have a link showing that the government is subsidizing this, then that would make you a liar....wouldn't it? So, what "waste of taxpayer money" are you talking about? (I suppose you noticed the part about "WITH INTEREST"?...So, that would mean that the gubm'nt MADE MONEY on the loans, and rather than it costing the taxpayer ANYTHING, it put more money back in the Treasury...)

So, I'm still waiting for that link....

otisptoadwater wrote: Three Percent Complete

In 2011, President Barack Obama set a goal of putting one million electric cars on American roads by 2015. Currently, there are just 30,000 electric cars on U.S. roads.

Read more: http://www.breitbart.com/Big-Government/2012/09/08/Obama-s-One-Million-Electric-Car-Goal-An-Epic-Fail

Breitbart has it wrong, as usual.

When President Obama in his State of the Union address called for 1 million electric cars to be on the road by 2015, skeptics scoffed. But in a report [PDF] released Tuesday, the Department of Energy basically said no worries. We’ve already arrived at our destination.

That optimism comes from automakers’ existing projections of how many electric cars they expect to produce over the next five years.

“The production capacity of EV models announced to enter the U.S. market through 2015 should be sufficient to achieve the goal of one million EVs by 2015,” the report states, noting that 1.6 million hybrids like the Toyota Prius have been sold over the past six years.

If the estimates bear out, 1.2 million electric cars will hit the highways by 2015. That’s about 10 percent of current annual automotive sales.

http://grist.org/green-cars/2011-02-08- ... rs-on-the/

Democracy4Sale wrote: There IS NO GOVERNMENT AGENCY "INTERFERENCE"...

IRS:
Plug-in Electric Drive Vehicle Credit (Section 1141)
Plug-In Electric Vehicle Credit (Section 1142)

But yeah, you're right... the feds have never been known to use the tax code to try and push their agenda....