Electric Cars: Next They'll Have To Give Them Away

[Geee]

Investors Business Daily:

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, state and local electric-vehicle incentives, could make a battery-electric car an extraordinarily economical way to get around for drivers," reports the Journal.

The favoritism that government shows to electric cars should offend any fair-minded and decent person.

Despite taxpayer money already wasted on forcing a technology that's not ready, President Obama last month proposed raising the Energy Department's vehicle research budget by 75% — adding $575 million in spending. He also wants to raise the federal tax credit for buying an electric car from $7,500 to $10,000.

 

[Valin]

Buy A New Cadillac, Get A Yugo Thrown In Free

March 22, 1986

 

PITTSBURGH — A Cadillac dealer here, giving a new twist to the sales pitch ``buy one, get one free,`` for a week now has been offering a free 1986 Yugo GV to consumers buying a ``selected`` Cadillac.

 

Through the promotion, Noce Cadillac has sold 22 Cadillacs, but no one has yet taken home a Yugo. Under the offer, the buyer can opt for a Yugo or a further discount off the Cadillac price.

 

(Snip)

 

 

Just a thought.