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  • Electric car sales falling short of goal

    10/17/2012 10:46:31 AM PDT · by NormsRevenge · 39 replies
    SFGate.com ^ | 10/17/12 | Angela Greiling Keane - bloomberg
    (Excerpt) President Obama has put $5 billion in taxpayer money behind his goal of having 1 million electric cars on U.S. roads by 2015. The Republican presidential ticket says it's money wasted on "losers." Whether the technology itself is a loser or consumers are merely slow to adapt to new things, car buyers so far haven't embraced electric vehicles in numbers close to Obama's goal. Electric-vehicle sales since 2011 totaled fewer than 50,000 through September, just 5 percent of the president's target. "The reality is - that business model isn't there yet," said Brett Smith, co-director of manufacturing, engineering and...