John Graham: Too soon to pull plug on subsidies for electric cars
October 16, 2013 Leave a comment
BLOOMINGTON, Ind. – It would be very unwise to “pull the plug” on electric-car subsidies at this time. Without the subsidies, the auto industry would be forced by unavoidable regulation to sell electric vehicles at huge financial losses. One of the few bright spots in the current American economy, a thriving auto industry, would be thrown into turmoil.
That regulation presents a huge challenge to automakers: between now and 2025 the average fuel economy of a new car or light truck … Registration Required