Wednesday January 20, 2016

Electric Vehicle Sales Fall Far Short Of White House Goal

Apparently billions in subsidies haven't done much to help electric vehicle sales to hit the goal of one million sold set by the White House back in 2008. What would it take to get you to buy an electric vehicle?

Back in 2008, with gas prices averaging nearly $4 a gallon, President Barack Obama set a goal of getting one million plug-in electric vehicles on the roads by 2015. Since then, his administration has backed billions of dollars in EV subsidies for consumers and the industry. Yet today آ– with gas prices near $2 a gallon - only about 400,000 electric cars have been sold. Last year, sales fell 6 percent over the previous year, to about 115,000, despite the industry offering about 30 plug-in models, often at deep discounts.