Monday, April 16, 2012

Electric-car boondoggle

Robert Bryce visited my institute at Lindenwood University last fall and gave a great talk about the future of fossil fuels. You can view the whole thing here and read it here. He provided one of the most succinct summaries of the electric-car industry.  It was something like "Electric cars are the vehicles of the future...and they always will be." 

Today he has a column about yet another in a long line of government-supported firms that are meant to transform the economy into a green utopia but will probably go bankrupt instead. This one received a government grant of about a quarter of a billion dollars.