Monday, September 24, 2012

ELECTRIC CARS: THE FUTURE?

The Congressional Budget Office weighs in and calls electric cars a waste of money, at least how Washington has funded and directed the program.  The government subsidizes inefficiency.

From the CBOAssuming that everything else is equal, the larger an electric vehicle’s battery capacity, the greater its cost disadvantage relative to conventional vehicles—and thus the larger the tax credit needed to make it cost-competitive.

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