Post image for How’s the Stimulus for Electric Vehicles Working Out, Mr. President?

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 PostCarol 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…]