Obama’s Prediction Of A Million Electric Cars On Road By 2015 Off By 72%

 

 

 

 

 

” In his 2011 State of the Union address, President Obama predicted that the U.S. would have “a million electric vehicles on the road by 2015.”

  The president backed up his prediction with $2.4 billion in federal grants to companies producing lithium-ion batteries for plug-in cars.

  But reality hasn’t even come close.

  Despite massive federal spending on electric vehicles, which is expected to total $7.9 billion through 2019, there are currently just 286,390 plug-in vehicles on the nation’s roads today, according to the Electric Drive Transportation Association (EDTA).

  That’s 72 percent lower than the million electric vehicles the president predicted four years ago. And with gasoline prices now averaging $2.06 per gallon, the lowest they’ve been since April 2009, that percentage is not likely to change any time soon.”

 

 

   Lord knows he gave away enough of our tax dollars in his attempt to make it happen , and line his crony’s pockets , but his prognostication still came up short … by miles .

 

 

” Although Obama backed up his prediction four years ago with $2.4 billion in federal grants to companies producing lithium-ion batteries to power electric cars, there has been no major breakthroughs that make them economically competitive with gas- and diesel-fueled vehicles, which have become far more fuel-efficient in the meantime.

  In fact, with new advances being made in the internal combustion engine, the U.S. Energy Information Administration (EIA) predicts that gasoline and diesel-powered vehicles will still make up 95 percent of all light duty vehicles sold in 2040. “

 

 

CNS News