It’s been a mixed day in the world of the American auto industry. While Ford Motor posted huge sales for November — propelled by a strong demand for SUVs — General Motors has been forced to make the unusual offer of buying back cars from consumers. Tom Krisher at the Associated Press reports that GM is taking action in response to news that its highly touted electric Chevy Volts have been found to catch fire: In an exclusive interview with The Associated Press, CEO Dan Akerson insisted that the cars …
In its push to get electric vehicles on the road, the Obama administration has partnered with a company in dire financial straits that is also under investigation by the Securities and Exchange Commission for insider trading. San Francisco-based green technology company ECOtality received roughly $115 million in two separate Energy Department grants to build 14,000 electric vehicle charging stations in 18 cities. President Obama cited ECOtality in last year’s State of the Union address as a success story of his stimulus law. Ted Karner, president and CEO of ECOtality subsidiary …
It’s highly unlikely that we’re going to see any large energy bills like a cap and trade or renewable electricity standard passed during the lame duck session, but that isn’t stopping Senator Harry Reid (D–NV) from moving forward with bad energy policy. Undeterred by an American electorate that shouted clearly that it was done with Washington-centric, special interest politics, the majority leader filed procedural motions to vote on S. 3815, the “Promoting Natural Gas and Electric Vehicles Act of 2010.” The bill is laden with handouts to promote vehicles powered …
This is not a new story from the Wall Street Journal, but certainly one worth noting: “We thought cash for clunkers was the ultimate waste of taxpayer money, but as usual we were too optimistic. Thanks to the federal tax credit to buy high-mileage cars that was part of President Obama’s stimulus plan, Uncle Sam is now paying Americans to buy that great necessity of modern life, the golf cart.
