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Obama's Electric Car Future Gets Zapped
Investor's Business Daily ^ | 09/26/2012 | IBD Staff

Posted on 09/27/2012 5:35:47 AM PDT by IBD editorial writer

Industrial Policy: This week, the world's largest carmaker said electric cars are a joke, and a congressional report said federal subsidies are a waste. You'd think that would shock President Obama out of his electric car fantasy .

Back in March 2009, Obama announced plans to pour billions of taxpayer dollars into the development of electric cars in the form of grants, federal loans and tax credits. "This investment will not only reduce our dependence on foreign oil, it will put Americans back to work," Obama promised.

"It positions American manufacturers on the cutting edge of innovation and solving our energy challenges." Plus, it would help meet Obama's goal of getting a million plug-in cars on the road by 2015.

Fast forward to this week, and take a look at how Obama's grand vision is paying off.

(Excerpt) Read more at news.investors.com ...


TOPICS: Business/Economy; Editorial; Government; Politics/Elections
KEYWORDS: electriccar; industrialpolicy; obama

1 posted on 09/27/2012 5:35:53 AM PDT by IBD editorial writer
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To: IBD editorial writer

With a battery life no better than that of the battery for the first electric car in 1898 it is no wonder it’s going nowhere.


2 posted on 09/27/2012 5:39:33 AM PDT by RJS1950 (The democrats are the "enemies foreign and domestic" cited in the federal oath)
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To: IBD editorial writer

I get a kick out of the fact that Toyota is non-union.

As far as the CBO goes, when has idiot boy ever listened to them anyway?


3 posted on 09/27/2012 5:39:47 AM PDT by V_TWIN (obama=where there's smoke, there's mirrors)
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To: IBD editorial writer

I don’t even have an electric toaster.


4 posted on 09/27/2012 5:40:37 AM PDT by JimmyMc
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To: IBD editorial writer

He has no idea where money comes from. Like a lot of our leaders, he thinks tax money is “free”.


5 posted on 09/27/2012 5:44:49 AM PDT by DBrow
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To: IBD editorial writer
Translation: Obama's electric car subsidies are a complete and total waste of TAXPAYER! money.
6 posted on 09/27/2012 5:46:23 AM PDT by Elsie (Heck is where people, who don't believe in Gosh, think they are not going...)
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To: IBD editorial writer
Best line in the article: Translation: Electric cars suck.
7 posted on 09/27/2012 5:58:32 AM PDT by Gamecock (We don't come to Christ to be born again; rather, we are born again in order to come to Christ. RCS)
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To: IBD editorial writer

The article had some interesting things to say, particularly about the high average fuel mileage quotas forced on the automotive industry.

When I read it, my first thought was of Cuba and South America, where the only vehicles available are several years old, held together only by the ingenuity of their owners and the availability of scrap wire and baling twine.

So if the mileage standards aren’t met, will the car makers be forced out of business?


8 posted on 09/27/2012 5:59:05 AM PDT by Real Cynic No More
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To: V_TWIN
As far as the CBO goes, when has idiot boy ever listened to them anyway?

Our pretend president suffers from the disease common among narcissists .... anything is possible if you don't know what you're talking about.

9 posted on 09/27/2012 5:59:52 AM PDT by layman (Card Carrying Infidel)
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To: IBD editorial writer

Anything that has to be plugged in, when many people do not have an accessible plug for a car, is unusable and therefore a total DUD!!!!


10 posted on 09/27/2012 6:00:44 AM PDT by Honorary Serb (Kosovo is Serbia! Free Srpska! Abolish ICTY!)
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To: RJS1950; All

—physics wins again—


11 posted on 09/27/2012 6:11:29 AM PDT by rellimpank (--don't believe anything the media or government says about firearms or explosives--)
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To: IBD editorial writer

Let’s assume for the moment that Obama gets everything he wants (gag). Now, we have
1. Widespread use of electric cars
2. Reduced production of fossil fuels
3. Closing of many, if not most, coal-fired power plants

Seems to me that there’s a problem here. If we have millions of people plugging in their electric cars, and less capability to produce electricity, what’s going to happen to the power grid? Yeah, I know, wind and solar, wind and solar. Of course, it’s not a problem that wind and solar can’t come anywhere close to meeting our power demand WITHOUT the widespread use of electric vehicles. Sure, the power generating capability will just magically appear once people start buying electric cars, right?


12 posted on 09/27/2012 6:26:56 AM PDT by stremba
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To: V_TWIN

That’s probably why Obama went after Toyota immediately after the government took over GM

\Obama did not have to take over the entire auto industry all at one- just one company. then use the power of tax dollars to price the cars so low it would drive the others out of business

I saw an add on a local TV for a BRAND NEW CAR lease for $129 a month- they cannot possible make any profit on that.


13 posted on 09/27/2012 6:27:05 AM PDT by Mr. K ("The only thing the World would hate more than the USA in charge is the USA NOT in charge")
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To: IBD editorial writer
A clear example of why obungler care will be really bad for us.

Business decisions made by self aggrandizing narcissistic politicians make for failure.

14 posted on 09/27/2012 6:31:48 AM PDT by old curmudgeon
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To: rellimpank
I saw my first Toyota Camry Hybrid yesterday and the liberal bitch driving it {it had a Co-exist, Sierra Club, as well as an obama bumper sticker} threw her cigarette butt out the window, and I put my window down and told her it was a $300 fine to litter and I had her plate number.

She MFed, and co##suc#e^ me and told me to perform all kind of acts on myself.

I caught her at the next light and told her that I'd had called the complaint into the state police and I would see her in court {I didn't call it in}.

I always carry so I wasn't concerned about road rage, but I've not seen anyone so mad for a long time.

I didn't know there were that many curse words and coming from a tolerant, environmental savior like her, well, I was shocked, just shocked.


15 posted on 09/27/2012 6:34:48 AM PDT by USS Alaska (Nuke the terrorist savages, start today.)
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To: Honorary Serb
Anything that has to be plugged in, when many people do not have an accessible plug for a car, is unusable and therefore a total DUD!!!!

Yeah, but the electricity comes out of the power lines. Ax any lefty driving a rechargeable car. Then argue with them that there is a power plant on the other end......

16 posted on 09/27/2012 7:08:06 AM PDT by Arrowhead1952 ("It's better to vote for a Republican you don't know than wind up with a dim you don't like".)
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To: IBD editorial writer

As usual, liberals never let a little thing like total and utter failure get in their way. Especially if they are not personally on the receiving end of said failure.


17 posted on 09/27/2012 7:52:32 AM PDT by Blood of Tyrants (Never believe anything in politics until it has been officially denied.)
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To: Arrowhead1952

To be fair, Arrowhead, the efficiency of an electric car is vastly superior to that of a combustion engine, even after issues of transmission, storage, etc., are taken into account. Ironically, however, what electric cars promise is what environmentalists hate most: a nuclear-powered transportation system.


18 posted on 09/27/2012 8:01:50 AM PDT by dangus
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To: dangus

If you look at he efficiency of an electric motor, you ‘may” be correct.

But if you look at efficiency from the mine or the gas well all the way through the transmission lines to the end result, moving the car from A to B, I doubt it.


19 posted on 09/27/2012 10:23:33 AM PDT by old curmudgeon
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To: old curmudgeon

Ultimately, if a gasoline engine were more efficient, it would cost less to drive 200 miles on a tank of gas, then to charge up your car to drive 200 miles. True, the batteries’ extremely high cost should be taken into consideration, IN PART, but a huge part of the cost of the batteries has to do with economies of scale. (Where Toyota’s CEO is bashing electric cars, I suspect, is that he doesn’t believe costs will collapse with improved economies of scale. In one respect, he’s correct: lithium will become/remain scarce. OTOH, as with so many resources, we will do more with less.)


20 posted on 09/27/2012 11:06:51 AM PDT by dangus
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To: dangus

To go 200 miles, you fill your tank one time and use only half of it.

A plugin would have to be charged 2 times if you believe the sales pitch nd 4 times if you live in the real world.

More in very cold climates.

The first reference I found on the net says $4.00 per charge and 5.5 hours if you can get to a 22v charger.

So 4 times $4.00 = $16.00 plus 22 hours on various chargers.

This all very well for a person who drives only as far as he really should take a walk.

My point being that there are other costs beyond the cost of electricity.

Interesting in that I read a report the other day, and I did not keep the link, that ran a survey of what owners who trade in hybrids purchase with the trade.

Very very few purchased another.


21 posted on 09/27/2012 11:40:27 AM PDT by old curmudgeon
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To: old curmudgeon

It kinda stands to reason that only people who didn’t like their hybrids traded their cars in. Most are too new, for people to simply be trading their hybrids in for something newer, given that hybrids are being sold at full sticker value.


22 posted on 09/27/2012 12:10:19 PM PDT by dangus
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To: JimmyMc

I don’t even have an electric toaster.”

I do—My Dad gave it to me for Christmas in about 1975. I still use it—37 years later. It works just fine.


23 posted on 09/27/2012 12:45:58 PM PDT by ridesthemiles
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To: dangus

That makes sense to me.


24 posted on 09/27/2012 1:49:12 PM PDT by old curmudgeon
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To: old curmudgeon

I’m not for electric cars.

But an electric motor is 90+% efficient.

An ICE is approx. 24% efficient.

Too bad there’s so much other crap to complicate it though.


25 posted on 09/27/2012 6:45:34 PM PDT by bicyclerepair ( REPLACE D-W-S ! http://www.karenforcongress.com)
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To: All
an electric motor is 90+% efficient...Too bad there’s so much other crap to complicate it though.

The batteries are not cutting it.

Now you could put a trailer on the back of your hybrid, carrying a coal powered steam engine running a generator, and a supply of coal.

You'd have to stop once in a while to stoke the fire, and it would belch black smoke, but hey...you'd have unlimited range. And it would at least be honest.

26 posted on 09/27/2012 7:04:37 PM PDT by ROCKLOBSTER (Celebrate "Republicans Freed the Slaves" Month)
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To: IBD editorial writer

I remember back in 2009 there were a lot of folks here in Central Kentucky who were extremely upset when Obama and his gang didn’t give any funds to a group that was trying to set up a NiCad battery factory near Glendale. Now everyone is talking sour grapes about how glad they are that the factory didn’t come in and that the property is still available for a future factory.


27 posted on 09/27/2012 7:30:33 PM PDT by Stonewall Jackson ("I must study politics and war that my sons may have liberty to study mathematics and philosophy.")
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To: old curmudgeon

To be quite honest, I sorta agree with the Toyota naysayer in that Lithium electric cars will only ever be a bleeding edge product, sorta like the videodisk. The CD/DVD product (longer lasting, but not indefinitely lasting) will be ultracapacitators. But LI+ is still a useful step towards that.


28 posted on 09/27/2012 9:51:12 PM PDT by dangus
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