About Those Cars Obama Wants to Build…

Conn Carroll / April 29, 2009

Following up on EPA administrator Lisa Jackson’s statement that “what this country needs is a one single national road map that tells automakers who are trying to become solvent again what kind of car it is they need to be designing and building for the American people,” the Washington Post‘s Charles Lane reports on the practicality of one of the Obama administration’s preferred models, the electric car:

Though Obama promised to have 1 million plug-in hybrids on the road by 2015, the dream of a mass-market electric car remains implausible and probably will be for years.
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A 2009 study by Boston Consulting Group found that the five-year total cost of owning an electric car would remain “relatively unattractive to consumers in 2020, unless its cost is subsidized.” (more…)