Skip to comments.Obama’s $5 Billion Gives Slow Jolt to Electrics: Cars
Posted on 10/17/2012 1:35:06 AM PDT by Cincinatus' Wife
President Barack Obama has put $5 billion in taxpayer money behind his goal of having 1 million electric cars on U.S. roads by 2015. The Republican presidential ticket says its money wasted on losers.
Whether the technology itself is a loser or consumers are merely slow to adapt to new things, car buyers so far havent embraced electric vehicles in numbers close to Obamas goal. Electric-vehicle sales since 2011 totaled fewer than 50,000 through September, just 5 percent of the presidents target.
The reality is: that business model isnt there yet, said Brett Smith, co-director of manufacturing, engineering and technology at the Center for Automotive Research in Ann Arbor, Michigan. It isnt there yet for volume. It isnt there yet for reaching the mass consumer. And it probably isnt going to be there for a while.
Obamas $5 billion invested in electric cars includes loans and grants to car and battery producers, spending on charging stations and $7,500 tax credits to car buyers. Recipients of loans and grants include Nissan Motor Co., which got a $1.4 billion loan to build the Leaf and its battery pack in the U.S,; Fisker Automotive Inc., which Ryan criticized in last weeks vice presidential debate for building its first model in Finland; Tesla Motors Corp. and A123 Systems Inc., the battery maker that filed for Chapter 11 bankruptcy protection today.
(Excerpt) Read more at sfgate.com ...
Two days after that story ran, Mitt Romney proclaimed at a rally in Ohios Appalachian coal country: We have a lot of coal; we are going to use it. We are going to keep those jobs. Thousands cheered.
The juxtaposition speaks volumes about the Democratic Party, and about modern liberalism generally. As the Democrats become more committed to, and defined by, a green agenda, and as they become dependent on money from high-tech venture capitalists and their lobbyists, it becomes harder to describe them as a party for the little guy or liberalism as a philosophy of distributive justice..............."
Stimulus Cronyism "In preparation for tonight, Mr. Romney should read the Washington Examiners Tim Carneys Sunday column correcting Vice President Bidens statement during last weeks debate that there was no waste, no inefficiency, and no cronyism in the 2009 stimulus bill. He gives the example of a leading Obama donor and subsidy recipient Elon Musk, whose company and the millions it received from the administrations stimulus bill are under investigation by both the IRS and the federal inspector general. As Carney explains, its one thing for the government to mismanage a grant; its another when the mismanagement happens to benefit heavily some large administrations donors:........"
Obama's Ersatz Space Program - Questionable Agenda "..............Of all the waste by the Federal government and with all the other Federal agencies that could be moved to privatization, Obama selects our space program.
This detracts from the progress of our missile technology that is shared with our military, it inhibits our national defense, and it damages our national identity.
Space X is Obama's choice for supplanting NASA. It appears Obama has picked another loser. Move over Solyndra.
Let's begin with the performance to date of the ersatz space program called Space X..............
Hamstringing our space program, cutting our defense budget, and entering into lopsided strategic arms treaties that seem to inhibit missile defenses is more than bothersome.
All appear grounded in some type of questionable agenda........."
“........Tesla has even more questionable connections:
Tesla brings political pull, as well. A former Tesla board member, Steve Westly, is an Obama bundler who raised hundreds of thousands of dollars for the president in 2008 and for his 2012 re-election campaign. His Westly Group was also a financial supporter of Tesla Motors until Tesla went public in 2010, and Westly continues to back the company.
Teslas founder and CEO, Elon Musk, is a hearty political contributor who has primarily backed Democrats, including Obama. According to published reports, another Tesla investor is Nick Pritzker, a donor to Obama and a cousin of Penny Pritzker, the national finance chair of Obamas 2008 campaign.
“..............The company amended its loan agreement with the U.S. Energy Department and may need to do so again if it fails to raise enough money from investors. Tesla plans to begin repaying its Energy Department loans in the fourth quarter...........”
Sorry Obama and you Green losers but the laws of thermodynamics say that electric cars will always be inferior to internal combustion engine powered cars.
The laws of nature say that each conversion of energy will have inherent losses of energy to heat or light (some form of wasted energy).
In an internal combustion engines stored chemical energy is converted to heat through combustion and then to mechanical energy.
In electric cars chemical or nuclear energy is changed in to mechanical energy, then to electrical energy, then to stored chemical energy in a battery, then that stored chemical energy is changed to mechanical energy by the cars electric motors.
As can be seen in my simplified description of the processes of changes in energy required to make our preferred modes of transportation possible the electric car is at a distinct disadvantage in the number of changes in energy forms required to make the final rotation of mechanical parts to make the car move.
Even drastic improvements in battery technology can ever overcome the basic laws of thermodynamic losses.
Political meddling is the only thing that can make electric cars a success.
You are correct. Electrical autos are not the answer to replace what we have today. Oh they might be good for tooling around town. Take a cross country trip? Nope takes too long to fill up.
Anytime government sticks it's nose in something it waste $$ and very little else.
The answer is Natural gas. That is after we use up all the oil. Jimmah Kartah said over 30 years ago we only had about 10 years supply left.
Jimmah was as dumb as ZERO.
Burdensome regulations, higher energy prices and restricted national energy independence = Obama's de-develop America energy "plan."
My 45 year old house is wired to the max now for all the ‘new’ conveniences we think we need. And I still lack enough plug ins for existing items. Which have to be kept in a cabinet and brought out to use on the small galley kitchen counter top. No way to enlarge the kitchen either...load bearing wall and a door in the wrong spot and money I am NOT spending to correct at our age and just 2 of us.
You will love this article
In comparison to the $5 Billion:
What is the entire National Park Service Budget?
FY 2010 Enacted - $3.16 billion
FY 2011 Request - $3.14 billion
Some don’t have a house, a garage or a driveway. Some have to park a couple of blocks away from home. Where & how do we recharge? It’s just CRAZY!
Heeeey! Is that Biden smear?
This is just a part of the “green” slime slop bucket - Obama’s crony capital slush fund [debt we and our descendants will owe) — we’re been hit in the face with. $5 Billion???? The economic impact is probably more like $500 Billion to a Trillion.