Based on its huge investments in battery and electric car related companies and research, the President and Congress have obviously chosen to support EVs. I have written for years now that this is not only terrible economic policy, but also terrible energy policy. My reasoning was simply that EVs cannot reduce foreign oil imports at the scale and pace we need to because there are several major disadvantages of the fully electric EV:I don't know if I agree with the author's premise, but there is no doubt that the EV has failed to live up to its hype.
The U.S. government has ignored these hurdles and put its heft and investment behind the EV. Why? Because Congress is controlled by special interests, and there are none more powerful than the gasoline refiners, the railroads that transport coal, the electric utility industry, and the oil producers. These are a handful of the most powerful companies in America today. Combined, they have been very successful in pushing the EV as a major distraction to keep us addicted to gasoline and coal and the status quo. How has this strategy worked, and where do we stand today on EVs?
- battery and total vehicle costs
- battery reliability
- recharging station availability and recharging time
- environmental concerns
Monday, November 5, 2012
Rise of the Natural Gas Vehicle; Fall of the Electric Vehicle -- Seeking Alpha
Link here to SeekingAlpha.com.