Apparently not even skyrocketing gas prices will spur sales of electric cars.
The green energy sector has been beset by bankruptcies from Solyndra to Abound, and the electric vehicle market has struggled in particular. Nissan Leaf sales are way below expectations; the Chevy Volt shut down production in March due to low market demand, as well as safety concerns. Now another electric vehicle has been forced into bankruptcy, according to the Wall Street Journal:
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Azure Dynamics Corp., a producer of electric delivery vans and a partner of Ford Motor Co., said on Tuesday that it is in talks with customers and suppliers to resume production following a bankruptcy reorganization filing in Canada…
The reorganization is the latest sign of trouble among electric-vehicle makers. Sales of electric cars such as Nissan Motors Co.'s Leaf have fallen short of expectations.