Green Energy : Electric Cars A Total Failure

Electric cars, at this point in time, is a total waste of money as this article points out so well.

Further, it should be noted, the Obama administration knew this from the beginning but used the agenda of 'energy independence' as a way to 'invest' tax dollars in industries of their choosing.

It should also be noted that this administration does not like fossil fuel energy, and has done everything in it's power to stop all sources of production. The coal industry has lost thousands of jobs and now natural gas is coming under fire on it's 'fracking' technique of recovery. Oil is using fracking as well. 

But the reality is, this was just another way to funnel tax dollars from the government to industry and then back into a select few in the government to fill progressive campaign coffers.

There is no way to see this as support for alternative energy. It's out and out stealing from the taxpayers to support a particular political party.

Electric Cars Are a Waste of Money
Source: Bruce Krasting, "CBO: Electric Cars Are a Waste of Money," Business Insider, September 24, 2012. "Effects of Federal Tax Credits for the Purchase of Electric Vehicles," Congressional Budget Office, September 20, 2012.

October 3, 2012
Electric cars are the future of transportation, or so Washington would like to think. The federal government has pumped money into the auto industry with the purpose of incentivizing the production of electric cars, says Business Insider.

•The government has committed up to $25 billion of soft loans to the auto industry.
•In the 2009 American Recovery and Reinvestment Act, $2 billion was provided to the Department of Energy (DOE) in grants.
•Of that $2 billion, $1.5 billion was awarded to battery producers.
•The DOE's Transportation Electrification Initiative has committed $400 million in grants for the demonstration and deployment of electric vehicles, and education for the public about the cars.

Despite all the subsidies, the Congressional Budget Office (CBO) concluded that electric cars are still not a wise investment for consumers. And with that, the government created more subsidies to entice consumers. It offered a cash incentive for each vehicle sold. But according to the CBO, the incentives would need to be about 50 percent higher to make electric cars cost competitive.

Proponents of electric vehicles argue that it is necessary for the government to invest in these automobiles for the sake of the environment. However, the CBO argues that the tax credits will have little impact on gas consumption or emissions in the short term. The CBO also says it is unknown how cost-effective the tax credits would be in the long-run.