Conventional Cars obamafacepalm

Published on August 2nd, 2012 | by Andrew Meggison

17

Nothing Green Can Stay: Obama Falls Short Of 1 Million Electric Vehicle Goal

It’s not easy being green, or spending green in this economy either. The Obama administration invested $2.4 billion with the goal of getting 1 million electric vehicles (EVs) on America’s roads by 2015. Reports now show that only about 300,000 EVs will be buzzing on America’s roads by 2015.

GOP Opposition + Failing Companies = EV Shortfall

The Obama administration has run over many speed bumps in its energy investments. Solyndra made national headlines with the loss of half a billion tax payer dollars and 1,100 workers laid-off. While Obama’s desire and support for high speed rail also caught a lot of flak, with three Republican governors killing HSR plans in Wisconsin, Ohio, and Florida.

Bankruptcies and lower than expected production of EVs are the culprit here, and have stalled President Obama’s ambitious EV goal. A glaring example of the troubled EV market is Fisker and their EV sports car the Fisker Karma. Fisker received a $529 million taxpayer loan in 2010. However the loan was cut off after $193 million as Fisker failed to meet sales and production goals. To add insult to injury, the cars that were produced did not run very well. Fisker blamed the problems on the lithium ion battery that was used. Coincidently, the manufacturers of the poor batteries, A123 Systems, were also Obama Administration government loan recipients, and are also facing financial woes.

Survival Of The Fittest

With Fisker sidelined their estimated required output of 36,000 EVs by 2015 is most likely not going to happen – Fisker’s output numbers are looking closer to 18,000 by 2015. In addition, CBS News found that other EV manufactures that had been pinned by the White House for the 1 million EV goal are not meeting their production goals, have stopped making EVs, or are out of business. One notable exception is Tesla. Tesla is going strong, and Chevy Volt sales are picking up steam too…but it won’t be close to enough to meet the 1-million EV mark.

The EV industry has been off to a slow start. Even with tax credits people are not buying. Range, price, and maintenance issues have all contributed to the sluggish start of the EV market. Supports of EVs are still very confident that the cars will take off, and there is without doubt evidence to support their confidence. The President’s Administration seems confidant and wants to invest $4.7 billion more tax dollars in EV incentives even though their original goal of 1 million EVs is unlikely to be met.

Source: cbsnews.com

Andrew Meggison was born in the state of Maine and educated in Massachusetts. Andrew earned a Bachelor’s Degree in Government and International Relations from Clark University and a Master’s Degree in Political Science from Northeastern University. Being an Eagle Scout, Andrew has a passion for all things environmental. In his free time Andrew enjoys writing, exploring the great outdoors, a good film, and a creative cocktail. You can follow Andrew on Twitter @AndrewMeggison


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About the Author

Andrew Meggison was born in the state of Maine and educated in Massachusetts. Andrew earned a Bachelor's Degree in Government and International Relations from Clark University and a Master's Degree in Political Science from Northeastern University. In his free time Andrew enjoys writing, exploring the great outdoors, a good film, and a creative cocktail. You can follow Andrew on Twitter @AndrewMeggison



  • James Grace

    If “people are not buying” electric cars, why is the Tesla model-S sold out? Did you do any channel checks?

    • Christopher DeMorro

      @ James Grace

      Tesla alone will not sell even close to enough cars to meet Obama’s 1-million EV’s goal.

  • Ziv

    Tesla has built 50 Model S BEV’s so far. 50. Yeah, they will tool up but they have only sold 2350 Roadsters in 4 YEARS of production. They are going to have to grow slowly or they will make huge mistakes. So far, it looks like they are taking their time and doing it right.

  • RobS

    “Obama Falls Short Of 1 Million Electric Vehicle Goal”

    Hmm I’m rather concerned, I must have hit my head and lost a bit over three years because I could have sworn we we’re only 2/3 of the way through 2012 and yet according to this article a sales target for the end of 2015 has already been missed.

    • http://importantmedia.org/members/joborras/ Jo Borras

      I think the goal for 2012 (to be “on track” for 2015) is what’s being referred to.

    • kevin

      According to the Hybridcars’ dashboard were about 17,000 plug-ins sold last year (mostly Leafs and Volts. So this year’s sales might be 30,000 (up 61%). So that’s not even 50,000 sold (I don’t know how conversions were on the road previously). That makes getting to 1 million in 2 years unlikely (double sales to 100,000 in 2013 and triple to 300,000 in 2014 still doesn’t even get to the 500,000 mark by 2015). Obama should have said “in 2015″ instead of “by 2015″. Oh well.

      Oer 300,000 hybrids will be sold this year, so in two years maybe many more will be plug-in even if only for 15 miles or so.

  • kevin

    Nice picture of Obama to go with the headline. There needs to be a caption bubble with him saying, “Doh!”

  • Mark

    I hate to point this out, but Obamas 2015 1 million EV goal was part of his 2011 union speak. This goal was predicated on his new 10K rebate program being passing congress in 2011. Needless to say Congress did not approve this program. So how exactly is he suppose to reach this goal with out the $4 billion a year in funding asked for?
    The fact we will end up with hundreds of thousands of EVs on the road by 2015 anyway on the strength of nothing more than a bush era tax credit program shows you the magic of the new technology that these cars are bringing to market.

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