- Post 09 September 2012
- By Copy Editor
The abysmal numbers are even more surprising considering the government's efforts to prop up "green car" manufacturing. Electric luxury car manufacturer Fisker, for example, was approved for a $529 million taxpayer-funded government loan; the federal government cut off the funds at $193 million after sales fell woefully short of required targets. The struggling electric car maker recently recalled 2,400 of its Karma vehicles when one caught fire due to problems with its cooling fan.
In June, a CBS News report calculated projected electric car sales by Mr. Obama's 2015 date at 310,663. That figure, while still less than a third of Mr. Obama's goal, may still be overly optimistic. Reuters says industry experts predict that less than 200,000 electric vehicles will be on U.S. roads by 2015. ...continues...