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Posted 2 years ago.
It reminds me to Delorean Motor Company, will it end the same?
This is a loser...when the Dems are voted out, the subsidies will end. The attempt to force politically a conversion from oil to other-than-oil will fail when the political will fails. The conversion will only succeed when the declining marginal utility (DMU) of other-than-oil exceeds the DMU of oil. That natural law of conversion will leave us with oil far into the future. Battery driven cars are a quaint curiosity that excite the imagination of dreamers. Those dreams are detached from the reality of non-existant infrastructure and the tiresome inconvenience of three-hour re-charges and a one hundred mile driving range. That is even too much for the dreamers to endure for very long. Twenty years from now we will look back on this chapter of history and wonder, what were we thinking?