i haven't taken the time to peruse the article, but we really don't have to bother. we all can see it, we're all living it. green this, green that, green cars, green food, green lives. with the speed of light, green has taken the world by storm. no one can say a word against it, because that would be insane. we all love green, right?
Sure, lets build government financed cars, nobody wants, and nobody feels safe driving. But first does Obama drive one of these?
In a related story in todays news:
Electric-Car Companies Grab U.S. Cash to Blunt Risks
By Jeff Green and Alan Ohnsman
Oct. 27 (Bloomberg) -- Electric-car makers ranging from
Ford Motor Co. to California startups are using $11 billion in taxpayer funds to supply a market that doesnt yet exist.
Fisker Automotive Inc., backed by a $528.7 million U.S. loan, said today it will join the rush to the assembly line by buying a closed Delaware plant from the former
General Motors Corp. for $18 million. It will spend $175 million to refurbish and retool the factory to build plug-in hybrid cars.
Obama administration aid to spur demand for more fuel- efficient autos is luring companies including General Motors Co. and
Nissan Motor Co. into the electric-car push. The result may be a supply of new vehicles that outstrips demand, said
Michael Omotoso, a senior manager for J.D. Power & Associates in Troy, Michigan.
The U.S. government is saying well have 1 million electric vehicles on the road by 2015; were saying it will take three to five years longer, Omotoso said. Realistically, manufacturers could be selling 80,000 to 100,000 by 2015.
bla bla bla
...Consumers arent pulling on demand for electric vehicles, said Lindland, the IHS Global Insight forecaster. Instead regulation and policy is pushing these vehicles into the market.
To contact the reporters on this story:
Jeff Green in Southfield, Michigan, at
[email protected];
Alan Ohnsman in Los Angeles at
[email protected]