Obama Chickens Out, Says A Million EVs By 2015 Not Important

Today must be International Backpedaling Day. Volkswagen said "Never mind beat Toyota by 2018."  Obama says: "Never mind a million EVs by 2015." Under a new strategy announced today, the Department of Energy promised to support research into new battery technologies and manufacturing methods that would lower the cost of lightweight materials and improve vehicles' fuel-efficiency, Reuters reports. But the DOE backpedales furiously from a goal set out in a 2011 State of the Union speech, where President Barack Obama announced what he called "Apollo projects of our times." One of them was the goal for the United States to be "the first country to have a million electric vehicles on the road by 2015." "Whether we meet that goal in 2015 or 2016, that's less important than that we're on the right path to get many millions of these vehicles on the road," an unnamed Energy Department official told Reuters. Reuters notes that "demand for hybrids and electric vehicles has been weaker than expected." Government money was poured into black holes. Says Reuters: "Poor demand has hurt lithium-ion battery makers, pushing two DOE grant recipients, A123 Systems Inc and EnerDel, to file for bankruptcy protection. Dow Chemical Co took a $1.1 billion charge last year, related in part to a writedown of its lithium-ion battery business, Dow-Kokam LLC." from The Truth About Cars http://www.thetruthaboutcars.com

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