Friday, October 18, 2013
Plug-Ins Account For Less Than Half of 1% of Auto Sales This Year
In his 2011 “State of the Union” address, President Obama predicted that the U.S. would “become the first country to have a million electric vehicles on the road by 2015,” and backed up his prediction with $2.4 billion in federal grants to companies that produce lithium-ion batteries to power them.
But with 14 months to go, sales of the two top-selling plug-in cars are running far behind the president’s expectations. And despite receiving $99.8 million in stimulus funds, electric charging station manufacturer Ecotality filed for bankruptcy last month.
In April, the Congressional Research Service reported that “there is a gap between the Administration’s goal of having one million electric vehicles on the road by 2015 and consumer demand for such vehicles.” Read more >>