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Monthly Archives: February 2016


By Allen L Phillips In the 2011 State of the Union address President Obama called for 1 million electric cars to be on the road by 2015.  He wasn't talking about hybrid cars like the Toyota Prius but pure electric cars with no gasoline engine.  Now with 2015 in the rearview mirror only about 330,000 are on the road with almost half of those in California. Government is making a huge push with our tax dollars to drive consumers toward electric cars.  Federal spending is expected to reach $7.9 billion by 2019, including $2.4 billion in grants to companies making the lithium-ion batteries which power the cars.  (It's worth noting that those billions have not yet resulted in any substantial advances in battery technology.)  Additionally, there is a $7,500 Federal tax credit on the purchase of an electric car plus California rebates up to $2,500 car.  So why are sales lagging?         Initial cost is a ... read more

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