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A Romney Presidency: A “Minor Impact” On America’s Electric Car Market?
GAS-2 ^ | August 2, 2012 | Andrew Meggison

Posted on 09/01/2012 5:40:38 AM PDT by Cincinatus' Wife

If elected President, presumptive GOP nominee Willard Mitt Romney said he would sell off the American governments 26% share in General Motors (GM), take a hard look at pending fuel efficiency mandates as well as electric vehicle (EV) subsidies. That not all. Romney said he would review the pending Corporate Average Fuel Economy (CAFE) mandates slated to put the auto industry on course toward a 54.5 mile per gallon fleet wide average by 2025.

Even so, Tesla Motors CEO Elon Musk isn’t worried. Should he be?

Romney’s approach to the auto market? Hands off. In fact, Romney says if he had been President, he would not have bailed out the auto industry. He has also said CAFE is not such a good idea and represents intrusion into the free market by the Obama led government (even though George W. introduced his own CAFE standards ahead of Obama). “The best approach is to try and build vehicles that people want, rather than having the government telling the companies what they must make,” Romney said to the Detroit News.

That being said, Elon Musk chief executive officer (CEO) of Tesla Motors said that a Romney presidency would have a “minor impact” on America’s EV market. Musk claims that there is a strong EV following, and Tesla’s goal with the Model S is push EVs further into the mainstream. Simply put, Musk thinks people want EVs and will buy them.

Romney has singled out Tesla and the troubled Fisker Automotive Inc., which also got federal tax payer loans to develop EVs as examples of poor policy decisions by President Obama’s administration. In a March 19th speech at the University of Chicago, Romney called both Tesla and Fisker examples of “crony capitalism”, even though Tesla just recently announced it plans to begin repaying its government loans early.

It seems likely that a CEO of an EV company would brush off the potentially negative impact of a Romney presidency on their market. After all, the polls show that Romney and Obama are running very close. Additionally, the job reports are not improving under Obama and the clock is ticking down to November rapidly. No CEO is going to talk poorly about their companies or an industries chance of survival or bite the presidential hand that feeds them in a scenario such as this. They want to reassure consumers of their product while keeping the door open to dealing with, perhaps, a new presidential administration.

How much a Romney presidency will impact the EV market is really anyone’s guess – although it seems clear that four more years of Obama certainly would not hurt it.


TOPICS: Business/Economy; Editorial; Government; Politics/Elections
KEYWORDS: cronycapitalism; economy; green; tesla
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To: Lakeshark

Go see 2016 THE MOVIE and you’ll see obama is not a socialist. You’ll see what he really is and what his plans are. If it doesn’t convince you to vote for Romney then I’d put you in the same class as obama worshippers.


21 posted on 09/01/2012 7:54:24 AM PDT by Terry Mross (2016 THE MOVIE....scares the hell out of me.)
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To: trebb

>>when he talks with Constitutional relevance...

...he’s talking/bleating out of his dialectic arse.

His actions speak for themselves - they say: R I N O.

NO SALE.


22 posted on 09/01/2012 8:02:53 AM PDT by OldEarlGray (The POTUS is FUBAR until the White Hut is sanitized with American Tea)
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To: trebb

[You have become a defeatist with no plan to regain the Freedoms we have been hemorrhaging. ]

Au Contraire Mr. LIFER.

Not only do I have a “plan” - I’ve got a working prototype.

http://www.pbase.com/wm25burke/heartland

Have a nice day.


23 posted on 09/01/2012 8:16:49 AM PDT by OldEarlGray (The POTUS is FUBAR until the White Hut is sanitized with American Tea)
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To: Cincinatus' Wife

My buddies daughter just put down 5 grand deposit on a Tesla SUV that won’t even be manufactured until 2014.

They must have some really good salespeople.....


24 posted on 09/01/2012 8:19:15 AM PDT by nascarnation (Defeat Baraq 2012. Deport Baraq 2013)
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To: Frankss
FORD makes a diesel powered Focus for the European market that gets 67 MPG. They do not sell it in USA for some reason.

"The Reason" is environmental regulations. Tree huggers don't like diesels, because of particulate emissions, so we don't have as many as Europe.

25 posted on 09/01/2012 8:26:39 AM PDT by Disambiguator
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To: Terry Mross

Your reading skills are dim, grasshopper........


26 posted on 09/01/2012 10:17:33 AM PDT by Lakeshark (I don't care for Mitt; the alternative is unthinkable)
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To: Cincinatus' Wife

So in short he has no clue about delivering a product someone would actually want to pay for in a free exchange between buyer and seller.


27 posted on 09/01/2012 7:29:05 PM PDT by FreedomPoster (Islam delenda est)
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To: OldEarlGray
The words to the song are rousing and the photos are very nice and brought back a bit of notalgia. But that's your plan/working prototype for getting the Nation back on its feet - the lyrics to a song and a photo gallery? Please tell me how it is supposed to work - I'm really looking for a solution to the mess we're in. I know Romney isn't it, but the choice is between him and Obama and for me it's absolutely insane to allow Obama a second term. You are the first one who bashes Romney that claimed a plan and I'd like to know what I'm missing from my visit to the website you provided.
28 posted on 09/02/2012 2:17:23 AM PDT by trebb ("If a man will not work, he should not eat" From 2 Thes 3)
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To: trebb

>>I’m really looking for a solution to the mess we’re in.

The solution begins with understanding how the American Heartland became the American Heartland, and emulating that self-sufficient moral community in the post-modern cluster frack this country has become.


29 posted on 09/02/2012 8:41:34 PM PDT by OldEarlGray (The POTUS is FUBAR until the White Hut is sanitized with American Tea)
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To: trebb

>>I’d like to know what I’m missing

Got Aquaponics?

http://www.google.com/#hl=en&sugexp=les%3B&gs_nf=1&cp=6&gs_id=4y&xhr=t&q=Aquaponics


30 posted on 09/02/2012 8:49:02 PM PDT by OldEarlGray (The POTUS is FUBAR until the White Hut is sanitized with American Tea)
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