Wednesday, November 14, 2012

Obama bets big on yet another losing horse?: In China, natural gas cars flourish while in America, electric cars fail

Transportation: China's green vehicle revolution is fueled by natural gas -- 11/13/2012 -- www.eenews.net
Already, China's natural gas car ownership has accelerated from nearly 10,000 units to more than 1 million during the past decade. By some forecasts, this figure will triple by 2015.
June 2012: Electric vehicles fall drastically short of Obama's 1 million goal - CBS News
For example, 36,000 Fisker Karmas and 505,000 Chevy Volts were supposed to be made. But current projections slash the Karma's 2015 number in half to 18,000 and put the Volt at one-eighth of the goal at 62,000.
...
CBS News pointed out that the Energy Department hoped that Think City would produce 57,000 cars, but only built 263 and went out of business. Ford Transit Connect was supposed to make 4,200 vehicles, but only built 500 and filed for bankruptcy.

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