Keyword: electricvehicles

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  • VANITY: Anybody take the dive in getting a Nissan Leaf?

    08/22/2014 8:50:27 AM PDT · by Roman_War_Criminal · 159 replies
    Me
    So the wife & I are thinking on taking the plunge. I commute about 75 miles a day round trip to work & back. Based on that, I pay over $410 in gas/month on a paid car that is just getting more expensive to maintain. Any other FReepers who are owners care to give your experiences? Is it worth it?
  • GM Doubles Down on Volt Failure; Sells Only 58 Electric Cadillac ELRs

    03/10/2014 9:09:24 AM PDT · by jazusamo · 25 replies
    NLPC ^ | March 10, 2014 | Mark Modica
    General Motors continues to double down on plug-in electric vehicles, now offering the Cadillac ELR, which is a gussied up version of the Chevy Volt at twice the price. The latest Cadillac ELR ad has stirred up a lot of debate regarding its pro-American capitalism message as General Motors spent roughly $100,000 for each of the commercials that it ran during the Sochi Olympics. Although the commercial garnered much attention, the heavy ad spending resulted in just 58 of the tax-subsidized (each affluent buyer gets a $7,500 federal tax credit) Cadillac ELRs being sold in February, three months into the...
  • 'Charge Rage' – electric car owners get angry after having vehicles unplugged

    01/24/2014 2:41:12 PM PST · by Libloather · 71 replies
    Telegraph ^ | 1/23/14 | David Millward
    The growing popularity of environmentally friendly motoring in America has led to a new phenomenon, “charge rage”, as the owners of electric cars compete for places to plug in their cars. While the owners of electric cars may care about climate change, they appear to be less solicitous of their fellow ecologically-motivated motorists. Angry notes have been left on windscreens and drivers have returned to their cars to find that they have been unplugged.
  • Dismal Chevy Spark EV Sales Make the Volt Look Good

    01/10/2014 1:28:22 PM PST · by jazusamo · 31 replies
    NLPC ^ | January 10, 2014 | Mark Modica
    The final tallies for 2013 sales are in for the Chevy Volt and its little sister, the Chevy Spark EV. The results are ugly. While the Volt relies on both a gas engine and electric power, the Spark is actually an electric-only vehicle, assumedly designed to compete with the all-electric Nissan Leaf which had sales of 22,610 for the year. The Spark EV did not compete well, with sales for 2013 coming in at only 589 for the seven months in which it was offered. Chevy Volt sales for the year also disappointed, coming in at 23,094 and down from...
  • Chevy Volt Electric Range Drops to 20 Miles in Cold

    01/03/2014 9:55:59 AM PST · by jazusamo · 49 replies
    NLPC ^ | January 1, 2014 | Mark Modica
    A recent study by fleetcarma.com unveils yet another drawback of General Motors' much-hyped Chevy Volt. It appears that the environmentally-conscientious, affluent owners of the vehicles who drive in cold weather will get about half of the electric range, on average, of those who drive in warmer climates. Fleetcarma charted real-world data displaying an average electric range of approximately 20 miles for Volts driven during temperatures of about 25 degrees Fahrenheit. The owners of President Obama's favorite car who were under the impression that they would be helping Mother Earth by saving less than one gallon of gas a day at...
  • More Fires, More Subsidies for Tesla in California

    12/20/2013 9:53:42 AM PST · by jazusamo · 12 replies
    NLPC ^ | December 20, 2013 | Paul Chesser
    There’s that uncomfortable juxtaposition of words again: “Tesla” and “fire.” This time was quite an accomplishment by the electric automaker’s publicity department: they kept the Irvine, Calif. garage fire quiet for over a month. The secrecy expired on the November 15 incident when the Orange County Fire Authority attributed the incident to the EV’s re-powering set-up, according to a report obtained by Reuters. “The fire occurred as a result of an electrical failure in the charging system for an electric vehicle,” the report said, while stating the cause of the fire is unclear. “The most probable cause of this fire...
  • The Hottest Electric Vehicles Leave Winter Drivers Out in the Cold

    12/14/2013 3:59:04 PM PST · by chiller · 339 replies
    The Daily Caller ^ | 12/14/13 | Giuseppe Macri
    Engineering breakthroughs like the Tesla Model S may be burning up the electric car market (figuratively and literally), but they’re leaving drivers cold and under-powered in the face of Old Man Winter. Cold temperatures have adverse effects on batteries, slowing down the incoming and outgoing flow of energy and inevitably losing some in the process. The 250-mile average range of an electric car in normal climate conditions can see its performance reduced by 70-miles on a single charge in average winter conditions. The colder it gets, the shorter than range. Not only that, the average winter driver tends to turn...
  • Cadillac ELR: Mary Barra’s First Embarrassment?

    12/12/2013 10:11:40 AM PST · by jazusamo · 45 replies
    NLPC ^ | December 12, 2013 | Mark Modica
    General Motors has announced that Mary Barra will be replacing Dan Akerson as CEO as of mid-January. Ms. Barra was previously the head of global product development. As such, she already has to take partial responsibility for the over-hyped and low-selling Chevy Volt along with the upcoming Cadillac version of the car. With Consumer Reports now stating that the new Cadillac ELR (a glorified Chevy Volt) gave them "sticker shock," will the ELR be the first major embarrassment for Ms. Barra? Anyone who has followed the Chevy Volt story could have guessed at what the prospects for a gussied up...
  • Hard to Take the German Absolution of Tesla Fires Seriously

    12/05/2013 2:31:19 PM PST · by jazusamo · 9 replies
    NLPC ^ | December 5, 2013 | Paul Chesser
    Following incidents in Washington state, Mexico andTennessee, the National Highway Traffic Safety Administration announced it would probe fires that occurred recently over a six week period in Tesla Motors’ electric Model S. And this week, as revealed in a Detroit News story, the NHTSA looks like they’re serious – at least more serious than Germany’s transportation safety authority. Why bring up Germany? Because as the regulatory heat bears down in the U.S. on Tesla and high-profile CEO Elon Musk, they have trotted out the Eastern Europe nation to demonstrate that they’ve been absolved of any culpability in the fires. The...
  • Power Failure: Electric Vehicles Top List Of Cars And Trucks That Depreciate The Fastest

    11/27/2013 10:11:57 AM PST · by NormsRevenge · 24 replies
    Forbes ^ | 11/26/13 | Jim Henry
    When it comes to resale value, electric vehicles don’t hold their charge. Electric cars lead our list of the cars and trucks that lose their value faster than average. Also ranking poorly are some big-ticket luxury cars, and, not surprisingly, older, lame-duck vehicles that are late in their product life cycle and about to be replaced. On a list of predicted residual values for 2013 models produced by ALG Inc., the bottom three examples are the battery powered Nissan Leaf; the Lincoln MKS, a more upscale, expensive cousin to the Ford Taurus; and the Mercedes-Benz CL Class, a two-door version...
  • Tesla to Target Rich, Environmentally Conscientious Rednecks?

    11/18/2013 8:44:30 AM PST · by jazusamo · 32 replies
    NLPC ^ | November 18, 2013 | Mark Modica
    Tesla CEO, Elon Musk, seems to have reached cult status with green ideologues, as well as with many in the media. Musk's name often goes hand in hand with descriptive monikers like "visionary" and "genius." Of course, what Musk is really a genius at is getting politicians to fund his private businesses ventures with taxpayer money so they don't have to make a profit. It might also be time to step back and ponder the genius of Musk's latest idea. It is for Tesla to compete with Ford's best selling F-series trucks by offering up an electric pickup truck....
  • Chevy Volt Sales Plunge; Cost to Taxpayers $15 Million in October

    11/05/2013 10:12:37 AM PST · by jazusamo · 20 replies
    NLPC ^ | November 5, 2013 | Mark Modica
    General Motors had another disappointing month of sales for its much-hyped green wonder-car in October. Sales for the Chevy Volt plunged over 31 percent from last year, down to 2,022 units for the month. To put that number in perspective, Toyota sells that many Toyota Camrys in about two days. Or, GM is selling less than one Volt per Chevy dealership per month. Despite the dismal sales figures, the loss to taxpayers for federal tax credits of $7,500 per vehicle that go to the wealthy buyers of Volts tallies out to $15,165,000 in October. If GM had come anywhere close...
  • 2014 Cadillac ELR: GM's $76K bet: GM commits to plug-in vehicles, but at what price?

    10/16/2013 10:26:24 AM PDT · by jazusamo · 49 replies
    Chicago Tribune ^ | October 15, 2013 | Robert Duffer
    The Cadillac ELR extended range electric luxury coupe will go on sale in January for $75,995, including destination charges. Derived from the 2009 Converj concept car, the ELR will have a driving range of more 300 miles between the dual fuel powertrain of an electric motor and a gas generator. The electric-only range is 35 miles, General Motors says, but once the battery loses power the 1.4-liter gas generator takes over to power the electric motor. If this sounds like the Chevy Volt, the other plug-in hybrid (PHEV) or extended range electric (EREV) produced by GM, it’s because the ELR...
  • Tesla Fire is About Rushing, Subsidizing Immature Technology, Not Stock Price

    10/04/2013 8:35:56 AM PDT · by jazusamo · 18 replies
    NLPC ^ | October 4, 2013 | Paul Chesser
    A fire (screen capture from Jalopnik.com) that torched a Model S from the formerly Teflon Tesla Motors on Tuesday blackened its front end, lowered its stock price, and (further) revealed a corporate arrogance not seen since Fisker Karmas were alight. But CEO Elon Musk saw to it that taxpayers werefully paid back their $465 million Department of Energy loan, so as watchdogs over the public purse we can forget all about it and just go on about our business – right? Wrong. The incident near Seattle still should be of great concern because Tesla still heavily depends on tax breaks...
  • Chevy Volt September Sales Plunge - Cost Taxpayers over $13 Million

    10/02/2013 8:54:40 AM PDT · by jazusamo · 12 replies
    NLPC ^ | October 2, 2013 | Mark Modica
    General Motors reported unimpressive sales results for the month of September as sales fell 11%. Core division, Chevrolet, performed the worst with sales down almost 15% year over year. Within that division, sales for the much-hyped Chevy Volt could not even be propped up with its recent $5,000 price cut as results declined to a measly 1,766 units (less than one per dealership) in September. That is a decline of over 38% year over year and just over half of what sold in the previous month. The floundering sales of the Volt saved taxpayers some money over August when federal...
  • Not Even Fisker's Fire Sale Can Dampen DOE Enthusiasm for 'Investments'

    09/19/2013 3:02:43 PM PDT · by jazusamo · 6 replies
    NLPC ^ | September 19, 2013 | Paul Chesser
    After the Department of Energy announced this week ithad given up on not-bankrupt-but-should-be Fisker Automotive, and will auction off its loan for a pittance, you’d think (and hope) Congress would have had enough of this kind of thing. Senator John Thune certainly has. “The Obama administration has gotten into the business of picking winners and losers at a significant cost to taxpayers,” said the South Dakota Republican yesterday. “I’m calling for the Senate to consider my amendment to eliminate the wasteful ATVM loan program and for my colleagues to join me in protecting taxpayer dollars from any future risky green...
  • Bailed-Out GM Takes On Tesla – With Car That Doesn’t Exist

    09/18/2013 9:26:17 AM PDT · by jazusamo · 20 replies
    NLPC ^ | September 18, 2013 | Mark Modica
    The internet has been abuzz with stories about General Motors competing with Tesla by offering a vehicle that will get 200 miles on an electric charge and cost only $30,000. One headline even declared that GM might be the winner of the competition with the title reading, " GM Takes on Tesla- and Just Might Win." The only problem is that the car being hyped does not even exist. Nor may it ever. GM has much experience in the field of green vehicle hype now having a couple of years under their belts with the Chevy Volt. Those in the...
  • Volt Sales in August Cost Taxpayers Over $25 Million

    09/10/2013 9:46:40 AM PDT · by jazusamo · 4 replies
    NLPC ^ | September 9, 2013 | Mark Modica
    It looks like General Motors is attempting to make up for the money it loses on every Chevy Volt in volume as August sales, spurred by recent price cuts, reached an all-time high of 3,351. The fact that the car has been on the market for about three years and initial much-hyped proclamations from GM would have put sales at 20,000 per month by now goes unrecognized by those that think 3,351 vehicles is a lot of cars to sell in a month. To put the sales in perspective, it took Toyota about 2 ½ days to sell that many...
  • New Energy Secretary Wants to Waste More Money on EV Loans

    08/29/2013 1:21:28 PM PDT · by jazusamo · 4 replies
    NLPC ^ | August 29, 2013 | Paul Chesser
    Just when you thought the Loan Program Office in President Obama’s Department of Energy might put its unused electric auto loan money back in the Treasury coffers, the government investor-crats are going to try to find some takers for the dollars of disrepute that have been tainted by the likes of inoperative, nearly bankrupt Fisker Automotive and Vehicle Production Group. You might remember when we last heard about the condition of this program, it had trouble finding takers for the remaining $16.5 billion or so it had been allocated. According to a March report produced by the Government Accountability Office...
  • The Twenty Percent President on the Chevy Volt

    08/18/2013 11:08:35 AM PDT · by jazusamo · 25 replies
    Townhall.com Finance ^ | August 18, 2013 | Political Calculations
    According to the carefully crafted plan of the Obama administration, there would be one million electric cars cruising around America's streets and highways by 2015. According to the plan, almost half of those vehicles would be Chevrolet Volts. So how well are President Obama's industrial policy plans working out in the real world? The easiest way to find out is to count up the number of Chevrolet Volt sales over time. Electric vehicle industry observer InsideEVs provides a monthly scorecard of the number of sales recorded for each primarily electricity-powered automobile in the U.S., from which we extracted the...
  • Taxpayer Millions Squandered on EV Charging Study Project

    07/30/2013 10:13:10 AM PDT · by jazusamo · 8 replies
    NLPC ^ | July 30, 2013 | Paul Chesser
    An audit by theDepartment of Energy’s Inspector General found that the persistent weak demand for electric vehicles harmed the deployment and timeliness of a $135 million-plus taxpayer funded charging network, which spun a cycle of excessive grants and project expansion, that led to an enormous waste of public money. The investigators, led by IG Gregory Friedman, determined that conditions for reimbursement to Ecotality, Inc. (and its subsidiaries) for the EV charging demonstration project were “very generous,” although not explicitly prohibited under federal regulations. “While we acknowledge that the Department had maintained and archived award documentation, an independent reviewer cannot understand...
  • Inaccurate EPA Mileage Tests Mislead Consumers

    07/15/2013 5:39:16 PM PDT · by jazusamo · 56 replies
    Investors.com ^ | July 15, 2013 | Editorial
    Regulations: Are automakers designing cars for drivers — or federal bureaucrats? It's worth asking. Tests found that some top-rated cars performed far worse in the real world than they did in official EPA mileage tests. Consumer Reports, the widely respected consumer product testing magazine, set out to determine whether those fuel mileage stickers the government requires on all cars are realistic. So it tested 315 cars against their official EPA ratings and came up with an interesting finding. While most cars came close to the government's fuel economy rating, two categories didn't — hybrids and cars with small, turbocharged engines....
  • Bottomless Subsidies Needed to Keep DOE Electric Truck Project Alive

    07/08/2013 8:29:26 AM PDT · by jazusamo
    NLPC ^ | July 8, 2013 | Paul Chesser
    Despite little news over the past nine months since its last-minute abandonment of an initial public offering that was supposed to raise $76 million in cash, stimulus recipient Smith Electric Vehicles is showing little evidence it can inspire demand for its commercial trucks, like its plug-in car counterparts. Smith’s selling point for its step vans was that, unlike electric automobiles, delivery routes in urban areas did not require a long range between refueling (or, recharging). Frequent stops and short distances alleviated the “range anxiety” that accompanies cars like the Nissan Leaf. Frito-Lay, Coca-Cola and Staples were cited as early adopters...
  • The Many Costs of Obama’s Electric Car Folly

    06/26/2013 12:26:12 PM PDT · by jazusamo · 7 replies
    NLPC ^ | June 26, 2013 | Mark Modica
    It appears that there is no end in sight to the Obama Administration's costly quest to electrify America's auto fleet, despite the recent flurry of reports that continue to confirm that the benefits of electric vehicles (EVs) are practically nonexistent in comparison to the costs. One of these reports even came from Obama's own NHTSA (National Highway Traffic Safety Administration) panel which downplayed the importance of EVs and claimed that electric cars will only need to account for between one and three percent of car manufacturer's product portfolios by 2025 for lofty government EPA requirements to be met. The Autoguide.com...
  • Details Revealed of Fisker's Waste and Mismanagement

    06/21/2013 10:59:37 AM PDT · by jazusamo · 8 replies
    NLPC ^ | June 21, 2013 | Paul Chesser
    As NLPC has covered Fisker Automotive’s catastrophic flop over the last few years since it was granted a $529-million taxpayer-guaranteed loan from the Department of Energy, one big question that repeatedly came up was: How could a company that produced only one electric car model burn through $1.4 billion in investment so quickly? Reuters uncovered a number of reasons in a report published earlier this week. Citing documents and some sources, mostly anonymous, the news syndicate painted a disturbing picture of mismanagement, incompetence, disinformation, and squander. While businesses stumble and go out of business every day, Fisker’s case illustrates why...
  • Study looks at expensive new ways for Obama administration to push electric car sales

    06/04/2013 10:28:34 AM PDT · by jazusamo · 14 replies
    Fox News ^ | June 3, 2013 | George Russell
    Despite the looming bankruptcy of electric carmaker Fisker Automotive, and disappointing sales of electric vehicles across the country, the Obama administration has harnessed some of the country’s top scientists, engineers, economists and auto experts to push electric car use deeper into the fabric of American society. Among the ideas being considered: new and bigger consumer subsidies for electric-car purchases, stiffer gasoline or carbon taxes, more federal subsidies for electric-car research, more subsidies for public-access battery-charging stations, and even broad, publicly-funded ad campaigns extolling the virtues of cars that the public currently seems disinterested in buying. Those possibilities, and more, have...
  • Obama's Electric Vehicle Loans Program is a Failure

    05/28/2013 10:49:42 AM PDT · by jazusamo · 6 replies
    NLPC ^ | May 28, 2013 | Paul Chesser
    Mark it down: the report this month about the shutdown of Vehicle Production Group – beneficiary of a $50-million stimulus loan from theDepartment of Energy – means theAdvanced Technology Vehicles Manufacturing initiative within the Loan Program Office has been a thorough failure. All five ATVM recipients, awarded a total of $8.4 billion of taxpayer-backed financing under theRecovery Act, have earned derision to some degree. Most fit into the already much-ridiculed electric vehicles program. VPG was funded to produce wheelchair-accessible passenger vehicles that ran on compressed natural gas. The recipients range from the start-ups (Fisker Automotive,Tesla and VPG) to the established...
  • Electric Cars: Next They'll Have To Give Them Away

    05/23/2013 4:55:05 PM PDT · by jazusamo · 41 replies
    Investors.com ^ | May 23, 2013 | Editorial
    Government Failure: Two years ago the president announced his goal of putting 1 million electric cars on U.S. roads by 2015. Did he mention that to reach that target the unpopular cars might have to be given away? The market for electric cars is so weak that consumer costs are approaching almost nothing. The Wall Street Journal reported Wednesday that in order to "spark buyers for electric cars," there is a need to "drop the price to nearly $0." "A new round of discount leases on mainstream-brand plug-in cars such as the Nissan Leaf or Fiat 500e, combined with federal,...
  • Chevy Volt Inventory Build – Time for Another Production Halt?

    05/22/2013 8:52:22 AM PDT · by jazusamo · 21 replies
    NLPC ^ | May 22, 2013 | Mark Modica
    A recent search for new Chevy Volts on cars.com unearthed 9,254 vehicles currently at dealerships for sale. There were another 258 late-model, used Volts available. About half of those had less than 5,000 miles on them. Considering the abysmal sales rate for the self-proclaimed electric wonder-car (1,306 in April for those keeping track), the unofficial inventory numbers point to about a seven month supply of Volts available. Ideal inventory levels are considered to be in the two month range. It may be near time for General Motors to halt production, yet again, for the floundering Volt. The inventory numbers for...
  • Administration Denies Reality at Fisker Congressional Hearing

    04/25/2013 11:03:04 AM PDT · by jazusamo · 11 replies
    NLPC ^ | April 25, 2013 | Paul Chesser
    As the Department of Energy seized the last of Fisker Automotive’s reserves in lieu of an unknown amount that it was due to repay this week, what’s left of the lame electric automaker clings to the slim hope it can survive. While CEO Tony Posawatz and his team may need an intervention, a hearing before the House Oversight and Government Reform Committee yesterday revealed that DOE and committee Democrats (as well as those in the Obama administration) are hopelessly stuck in an alternate universe, where losing millions of taxpayer dollars is considered a good record. Republicans had called officials from...
  • Fisker Failure was Easy to See Coming

    04/24/2013 7:50:14 AM PDT · by jazusamo · 12 replies
    NLPC ^ | April 24, 2013 | Mark Modica
    While hindsight may always be 20/20, foresight should be pretty clear in many instances as well. The Fisker failure was one of these times. Many saw the folly in spending hundreds of millions of taxpayer dollars to support the green debacle. In fact, the Associated Press has reported that even the Obama Administration had warning of the Fisker loan risks back in April of 2010 when the Energy Department began emailing their concerns. Congress will be holding hearings starting today to address the scandalous waste of taxpayer money on Fisker. Reuters states one of the goals of the hearing, "'The...
  • Fiat CEO says governments shouldn't strong arm automakers into producing electric vehicles

    04/21/2013 9:19:46 AM PDT · by AKSurprise · 13 replies
    Engadget ^ | 04/21/13 | Donald Melanson
    Fiat may now be producing electric vehicles, but CEO Sergio Marchionne apparently doesn't think they represent the future for the automaker just yet -- or, at least, the only future. Speaking at the Society of Automotive Engineers World Congress in Detroit yesterday, Marchionne said that his company is losing $10,000 on every 500e car sold (a figure he first offered fully two years ago), and added that "doing that on a large scale would be masochism in its extreme."Those comments came as part of a larger point he was making about the push towards electric vehicles, and what he described...
  • Lawsuit and a Congressional Hearing as Fisker Bankruptcy Nears

    04/11/2013 11:45:46 AM PDT · by jazusamo · 3 replies
    NLPC ^ | April 11, 2013 | Paul Chesser
    As green energy stimulus recipients raked in billions of dollars the last few years, with President Obama declaring what a great “investment” they were for taxpayers, friends of mine would jokingly ask, “Where’s my dividend?” “Where are my stock certificates?” “Where’s my free electric car?!” In the case of our $193-million stake in Fisker Automotive, thanks to a Department of Energy loan guarantee, it looks like American shareholders will end up with the whole company itself. With the Anaheim non-automaker (no cars produced since last summer) firing about 160 of its 200 remaining employees on Friday, a bankruptcy law firm...
  • Chevy Volt Battery Technology Questioned After Billions Wasted

    04/11/2013 10:11:49 AM PDT · by jazusamo · 15 replies
    NLPC ^ | April 11, 2013 | Mark Modica
    It appears that the Mainstream Media folks may finally be starting to expose one of the worst cases of taxpayer abuse that this country has ever seen. Kudos to Deepa Seetharaman who wrote a piece for Reuters which questions the feasibility of the government-subsidized, lithium-ion based battery technology behind electric vehicles (EVs) like the Chevy Volt. While Seetharaman acknowledges the limitations of lithium-ion batteries, what remains unchallenged is the continued waste of billions of taxpayer dollars to support the failing, pseudo-green technology. The evidence that the Obama Administration's EV subsidization has been a costly fiasco (particularly regarding the Chevy Volt...
  • Chevy Volt Sales Plunge – Obama’s Flagship EV a Failure

    04/03/2013 10:39:46 AM PDT · by jazusamo · 39 replies
    NLPC ^ | April 3, 2013 | Mark Modica
    The Chevy Volt has inarguably been the poster child for President Obama's push to electrify America's auto fleet. Billions of taxpayer dollars have been spent to produce and subsidize the plug-in electric car. For years we have heard about the supposedly amazing technology for the Volt which would lead America to energy independence, be a "game-changer" for General Motors and provide a multitude of new green jobs. Proclamations were made that supply for the wonder-car could not keep up with the demand. Well, March's sales figures are in and give further confirmation that the lofty claims were all lies. March's...
  • No April Fools: Obama's Green Energy Stimulus is Officially a Joke

    04/01/2013 10:43:33 AM PDT · by jazusamo · 6 replies
    NLPC ^ | April 1, 2013 | Paul Chesser
    President Obama ’s alternative energy “stimulus,” administered through hisDepartment of Energy by previous SecretarySteven Chu, had already become a joke because of the failures and foibles of so many recipients of Recovery Act funds. But now – as though officially commemorating the absurdity of this historically bad U.S. government program – one of its bankrupt beneficiaries has changed its name from one of simplicity to one of mockery. Electric vehicle battery maker A123 Systems has changed its name to B456 Systems. Incorporated. Reporting the development, headline writers across the nation rubbed their eyes, double-checked the wire information, and then...
  • Al Gore, DiCaprio AWOL as Fisker Circles the Drain (Updated: Bankruptcy lawter)

    03/29/2013 11:13:00 AM PDT · by jazusamo · 15 replies
    NLPC ^ | March 29, 2013 | Paul Chesser
    UPDATE 11:30 a.m. Friday: Reuters reports that Fisker has hired a bankruptcy attorney. Fisker Automotive , which has received $193 million of a $529 million Department of Energy stimulusloan guarantee and apparently still wants the rest of it, stopped making its sole electric car – the $102,000-plus Karma – last July. But only now has it decided to furlough workers for a week. “In parallel with the process of identifying a strategic partner, Fisker is, of course, continuing to manage its day-to- day operations and has recently instituted temporary furloughs for its U.S. workforce covering the final week of...
  • Henrik Fisker Quits as Chairman of His Own Company

    03/14/2013 11:38:20 AM PDT · by jazusamo · 4 replies
    NLPC ^ | March 14, 2013 | Paul Chesser
    In the end, even Al Gore, Leonardo DiCaprio, Justin Bieber,Jay Leno, former Chrysler andGeneral Motors execs, billionaireSilicon Valley venture capitalists, generous California government incentive givers,Delaware subsidizers, andPresident Obama’sDepartment of Energy investment arm couldn’t overcome the dud that was the $102,000-plus Fisker Karma. And now as the company desperately seeks for cash and/or a rescuer –probably in China – a disagreement arose between Fisker’s founder and its top management. So the man for whom the company was named, Henrik Fisker, quit. The Los Angeles Times and dozens of other outlets reported yesterday that Mr. Fisker left over disputes about “direction” for...
  • Save Billions by Ending Electric Vehicle Subsidies for Wealthy

    03/04/2013 1:40:35 PM PST · by jazusamo · 11 replies
    NLPC ^ | March 4, 2013 | Mark Modica
    If the White House and Congress are looking for a place to cut, how about ending the $7,500 electric vehicle (EV) tax credit for those making over $200,000 a year? The Congressional Budget Office recently reported that federal EV subsidies will cost taxpayers about $7.5 billion over the next few years . The majority of those buying costly "green" vehicles, like General Motors' Chevy Volt, are making far more money than the average American. Why should those that can afford to buy these green toys get reimbursed $7,500 each as the nation is going broke? Does anyone really think that...
  • Taxpayer-Supported Fisker Looking to China, Like A123

    02/21/2013 3:07:43 PM PST · by jazusamo · 4 replies
    NLPC ^ | February 21, 2013 | Paul Chesser
    Stimulus déjà vu-lishness lurks: Another “green” tech company that received hundreds of millions of taxpayer dollars is financially troubled, seeks a buyer (or their preferred term – a “partner”), and China is ready to swoop in and buy up the remains on the cheap. And the same two Republican senators who slammed the last deal that went down like this are sickened again. The first time this happened it was electric car battery maker A123 Systems that set up a deal to get $249 million (plus other multimillion dollar grants) from U.S. taxpayers, who thengot left holding the bag when...
  • Toyota and Nissan Shift From Electric Vehicles; Death Knell for Chevy Volt?

    02/05/2013 9:26:42 AM PST · by jazusamo · 67 replies
    NLPC ^ | February 5, 2013 | Mark Modica
    According to Toyota Vice Chairman Takeshi Uchiyamada, "Because of its shortcomings - driving range, cost and recharging time - the electric vehicle is not a viable replacement for most conventional cars; we need something entirely new." Uchiyamada is considered the "father of the Prius." An article by Reuter's exposes the limitations of EVs and focuses on Toyota's, along with Nissan's, change in strategy, which is now moving away from EVs. Even the most ideological and extreme green energy proponents and backers of the Chevy Volt will have to open their eyes to the sad truth uncovered by the latest report....
  • Goodbye, Prius? Japanese carmakers drop battery electric-car development

    02/04/2013 10:41:56 AM PST · by jazusamo · 57 replies
    The Washington Times ^ | February 4, 2013 | Cheryl K. Chumley
    Japan is backtracking on battery electric-car development, as even Nissan’s vice chairman, the so-called “father of the Prius,” announced plans to copy Toyota and pursue fuel-cell cars that convert hydrogen to electricity. “Because of its shortcomings — driving range, cost and recharging time — the electric vehicle is not a viable replacement for most conventional cars,” said Nissan’s vice chairman, Takeshi Uchiyamada,..
  • Boeing Battery Fires Highlight Folly of Obama's Electric Car Push

    01/30/2013 4:45:49 PM PST · by jazusamo · 34 replies
    Investors.com ^ | January 30, 2013 | Editorial
    Industrial policy: After lithium-ion batteries caught fire on Boeing's new Dreamliner, stories popped up about how dangerous they are. Turns out they're the same kind of batteries President Obama is forcing into U.S. cars. This month, a Boeing 787 battery caught fire while the plane was sitting at Logan Airport in Boston. Another 787 was forced to land while flying over Japan, forcing Boeing to ground its fleet of state-of-the-art 787s. In the wake of these events, the press suddenly took notice of the risks posed by lithium-ion batteries. USA Today complained that the FAA should have been more cautious...
  • CBO Says Electric Vehicle Subsidies to Cost $7.5 Billion With Little Benefit

    01/18/2013 10:02:21 AM PST · by jazusamo · 6 replies
    National Legal & Policy Center ^ | January 18, 2013 | Mark Modica
    I recently came across a report written by the Congressional Budget Office (CBO) which estimated the cost to taxpayers for "federal policies to promote (aka subsidize) the manufacture and purchase of electric vehicles (EVs)." The piece also predicts the short-term benefits of the subsidies and includes the effects of rising federal requirements for fuel economy (known as CAFE) standards. The outlook is that federal subsidies will cost taxpayers $7.5 billion over the next few years for little or no benefit (even when including the impact of CAFE) to total gas consumption or emissions. The CBO is a non-partisan federal agency...
  • Nissan Admits Arrogance in Sales of Taxpayer-Subsidized Leaf

    12/19/2012 10:52:23 AM PST · by jazusamo · 16 replies
    National Legal & Policy Center ^ | December 19, 2012 | Paul Chesser
    A top Nissan official has said the company was “arrogant” in its marketing and sales approach for the all-electric Leaf, which received a $1.4 billion stimulus loan guarantee fromPresident Obama’s Department of Energy. Not that the company is going to return taxpayers their money, since the premise upon which Nissan received the loan were ridiculously high production estimates. Too much in expenses would have to be eaten otherwise. “We were a little bit arrogant as a manufacturer when we went to the 50-state rollout,”said Al Castignetti, Nissan’s vice president for sales, to Automotive News in late November. “We had assumed...
  • Taxpayers footing the bill for next generation of electric car batteries

    12/05/2012 9:09:59 AM PST · by jazusamo · 21 replies
    Fox News ^ | December 5, 2012 | John Brandon
    Whether you like it or not, you are an investor in the electric vehicle (EV) battery of tomorrow. Late last week, the Department of Energy announced plans to spend $120 million to establish a major battery research center at the Argonne National Lab outside of Chicago. The stated goal: to create a new “Manhattan Project” that will develop an EV battery in the next five years that lasts five times as long and costs one-fifth as much as current EV batteries. And they say it’s all in the interest of national security. The Joint Center for Energy Storage Research (JCESR)...
  • GM’s New Electric Chevy Spark - More Green Insanity

    12/03/2012 10:22:33 AM PST · by jazusamo · 56 replies
    National Legal & Policy Center ^ | December 3, 2012 | Mark Modica
    Albert Einstein is credited with having defined insanity as "doing the same thing over and over again and expecting different results." Well, prepare for more insanity as General Motors is doubling down on green energy and plug-in cars after the disappointing sales results from previous entries into the field. The politically-motivated hype that we saw, and continue to see, on the Chevy Volt will be repeated. This time the over-hyped vehicle will be a Korean-made, all-electric Chevy Spark. The misrepresentations from GM and the media on the Spark EV (electric vehicle) are already starting with headlines on stories ( like...
  • Timeline: A123 Systems' Downward Spiral

    10/16/2012 11:37:12 AM PDT · by jazusamo · 12 replies
    National Legal & Policy Center ^ | October 16, 2012 | Paul Chesser
    As Bloomberg reported today , stimulus-funded electric vehicle battery maker A123 Systems filed bankruptcy in federal court after failing to make a debt payment that was due. Milwaukee Business Times has reported that Johnson Controls will purchase the “automotive business assets” of A123 for $125 million, and that A123 will receive from Johnson $72.5 million in “debtor in possession” financing to continue operating during the sale process. Regular readers won’t be surprised, as the company’s gradual sink to its current depths – despite receiving hundreds of millions of dollars from taxpayers – has been covered by NLPC since late...
  • Taxpayer-Funded EV Company Abandons IPO It Thought Would Save It (Obama/McCaskill EV scam)

    09/24/2012 8:53:13 AM PDT · by jazusamo · 5 replies
    National Legal & Policy Center ^ | September, 24, 2012 | Paul Chesser
    The failing British electric vehicle company that pretended to become an American one in order to save its U.K. investors has scrapped its planned initial public offering that it hoped would save it in Kansas City. Smith Electric Vehicles , recipient of $32 million in taxpayer stimulus, had reportedly fantasized it would raise $76 million (down from $125 million) via an IPO by selling roughly 4 ½ million shares at $16 to $18 each. CEO Bryan Hansel bowed to reality Thursday night and rescinded those plans. “We received significant interest from potential investors,” he said in a statement. “However, we...
  • Government Stimulus Can't Overcome 100 Years of EV Battery Shortcomings

    09/20/2012 10:51:20 AM PDT · by jazusamo · 12 replies
    National Legal & Policy Center ^ | September 20, 2012 | Paul Chesser
    It’s the battery. Contrary to the excuses that Nissan has supplied about the loss of capacity for owners of the all-electric Leaf in the desert Southwest – especially super-hot Phoenix – a tightly-controlled test of a dozen of the vehicles showed that all of them experienced reduced range. Even a month-old Leaf could not recharge to 100 percent. GreenCarReports.com revealed the dismal development this week. That the power reduction came so rapidly and so quickly debunked the claims of Nissan executives Carla Bailo and Andy Palmer, who suggested the problems could lie either with owners who were charging their...