Posted on 09/13/2010 2:21:18 PM PDT by curth
You’ve got to be kidding?… Barack Obama hailed the opening of a Michigan battery plant today that produces car batteries that cost $33,000 each and go up to 100 miles before needing a charge. This is Barack Obama’s stimulus success story. He obviously didn’t learn much about the free market system from his socialist mentors during his community organizing days. This is supposed to be a Stimulus Bill success story. A $33,000 battery. (A123 Systems)
The AP reported:
President Barack Obama celebrated the opening of an advanced battery plant in Michigan on Monday as a critical boost for hybrid and electric cars — and a success for his administration’s economic stimulus program.
But even as mass-produced advanced batteries start rolling off assembly lines, costs are high for consumers, and hurdles remain.
“This is about the birth of an entire new industry in America, an industry that’s going to be central to the next generation of cars,” Obama said Monday in a phone call broadcast at the opening of A123 Systems Inc.’s lithium ion battery plant in Livonia, Mich.
“And it’s going to allow us to start exporting those cars, making them comfortable, convenient, and affordable. …. When folks lift up their hoods on the cars of the future, I want them to see engines and batteries that are stamped: ‘Made in America,’” Obama said, according to a transcript of the call released by the White House…
…Despite the fanfare, the battery industry faces many hurdles. Gas-electric hybrid vehicles represent about 1 percent of new vehicle sales, and many plug-in hybrids and battery electric cars are just entering the market.
Costs are high. The government has estimated that a battery with a 100-mile range costs about $33,000, although stimulus money could bring that down to $10,000 by the end of 2015.
(Excerpt) Read more at gatewaypundit.firstthings.com ...
But, in his parlance it is a success.
He’s wasting American muscle, might, and money on do nothing projects for foreign countries [exporting the batteries?] instead of investing it in actual useful American growth.
Hence, “success.”
If it hurts America, he’s all for it.
So affordable for all those unemployed people.
Yep, let's kick things off with a 100 mile battery to replace a 500 mile fuel tank.
Now that's what I calll puttin it in reverse.
Why not give them away for free? It just takes an hour or two of running the presses to print the money........
Yep, let’s kick things off with a 100 mile battery to replace a 500 mile fuel tank.
*********************************************
That costs twice as much as the car with the 500 mile fuel tank!
-PJ
I believe that this is the same Factory that was supplying the government with $250 hammers and $600 toilet seats...
Yes yes-
Photo ops at the local wind generator, green battery plant, or organic farmer.........
I want to hurl.
“although stimulus money could bring that down to $10,000 by the end of 2015.”
The energizer bunny wants a piece of that action. He has been working for minimum wage all these years.
This charging station for the Nissan Leaf costs $2200, half of which will be subsidized by our tax dollars. Here is Nissan's professional installation ticket:
Need two cars? You might need an electrical sub panel installed.
The dope does not even know what $33,000 is. Soon the government will own a warehouse full of batteries that nobody wants, and a special permit from the EPA to scrap them all in order to manufacture more. His speechwriters think this is a good thing. Cripes.
History
Founded in 2001, A123Systems’ proprietary Nanophosphate™ technology is built on a new nanoscale materials initially developed at the Massachusetts Institute of Technology. A123Systems is now one of the world’s leading suppliers of high-power lithium ion batteries designed to deliver a new combination of power, safety and life.
Can’t wait to see the energy balance analysis on these batteries and cars.
Well, I suppose it makes bikes all the more attractive and that must be what he wants. When I was in Africa almost everyone was on a bike. And the Dr I had to see had a completely empty office, except for his bare desk, and a single copy of an old British medical reference book that he had to spend a lot of time thumbing through. And their “pharmacy” had a dirt floor and they gave me pills in a brown paper bag.
Yeah, this must be what zero wants to us...so the world will like us more and he’ll take credit for that.
What the aich-eee-double-hockey-sticks does that mean??? That we'll spot the plant working capital until economies of scale drop the cost or that we'll subsidize $22k of the cost for each battery sold - to foreigners, no less!
Damn, each battery sold could represent one job lost elsewhere in the economy considering opportunity costs.
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