Electric plug-in vehicles, such as the Chevrolet Volt, will achieve the affordability of a traditional car in 2020, but only if the government cements a $7,500 tax credit for the vehicles, a Congressional Budget Office (CBO) analyst said on Monday.
The U.S. and Germany have quietly walked back their ambitious goal to put 1 million electric vehicles on the road in their respective countries, despite considerable government subsidies and consumer incentives.
A congressional panel has found that it takes a lot of political clout to obtain subsidies for electric vehicles under the Obama administration.
Auto engineers are skeptical that the industry has the technology to create a practical electric car.
Apparently not even sky rocketing gas prices will spur sales of electric cars.
The electric car battery maker A123 Systems’s stock closed the day down 12.35 percent on Monday amid news of defective batteries coming out of its Michigan facility.
It’s going to take more than high gas prices to get Americans into electric autos, according to a leading consumer economist.
