Aptera

In his January 2011 State of the Union speech, President Obama called for “more research and incentives” so that America could “become the first country to have 1 million electric vehicles on the road by 2015.” In yesterday’s Washington Post, Carol Leonnig and Joe Stephens report that the Obama Administration “has poured roughly $5 billion dollars in taxpayer funds into the electric car industry, offering incentives to manufacturers, their suppliers and even car buyers who might want to go green.” This included $2.4 billion in Stimulus support to develop advanced batteries for all-electric and plug-in hybrid vehicles.

How’s it all working out — will America have million electric vehicles on the road by 2015? It’s doubtful we’ll see anything close to that. [click to continue…]