The EV may soon require its own PR male. There has been a slew of unfavorable news about the non-polluting automobiles of late, including one from the government. Despite massive pushes and incentives, for whatever reason, the car buying public just has not caught on fire over electric automobiles.
Not as good to go electric, according to CBO
Everyone planning to buy an automobile might consider an electric vehicle because of the large tax incentive given by the federal government. In 2009, it started offering tax credits as high as $7,500 for customers who get an electric car. The Bush Administration developed the Advanced Vehicle Technologies Manufacturing program in 2007. Obama wound up initiating it, which is something he is well-known for.
A report was released on Thurs, Sept 20 by the Congressional Spending budget Office stating that electric vehicle bonuses have "little or no impact on the total gas use and greenhouse gasoline emissions of the nation's vehicle fleet over the next several years." This is only an issue as the whole goal of the EV tax incentive program is to decrease fuel consumption.
Going on
The CBO comments are not the first negative ones to be seen either. There have been a variety of reports showing that people are not looking forward to electric automobiles.
There was a terrible report for the Fisker Karma extended-range electric vehicle from Consumer reports. The car is "plagued with flaws," it said.
Tesla Motors just had a secondary stock offering, but now it has lowered its near-term revenue forecasts.
Meanwhile, according to Reuters, Toyota magic is waning as it scuttles promises to add a small EV to its line-up. The automaker cited lack of interest from buyers for the move.
The right and left of it
The CBO report will make it much easier for arguments to be won by conservatives considering Republicans are always getting upset at the Obama administration for spending so much money on the Advanced Vehicle Technologies Manufacturing program.
Brian Wynne, the Electric Drive Transportation Association president, does not trust the CBO report and says that it is inconclusive:
"The report provides the caveat that 'as yet, no reliable estimates exist of the share of electric vehicle sales that can be attributed to the tax credits.'"
Just wait a while
Tesla is not able to produce automobiles fast enough, which is why it lowered its revenue projection. Maybe it is good to just have patience.
Lots of people believe that the Chevy Volt spike came because of huge bonuses from the government, but the Volt saw enormous sales increases in August.
General Motors is also offering a ton of enormous rebates to be able to get more consumers for the future regardless of current losses. It believes that demand for the EVs should be anticipated eventually. GM wants to be at the top when people start wanting the cars. It is offering rebates as high as $1,000 for Volt buyers right now.
General Motors may be right about the change being expected. In spite of the truth that the industry is resisting the change, it will likely take place.
During election time, one thing is for sure. This will bring up a lot of discussion. The electric car industry moving forward may hinge on the election.
Not as good to go electric, according to CBO
Everyone planning to buy an automobile might consider an electric vehicle because of the large tax incentive given by the federal government. In 2009, it started offering tax credits as high as $7,500 for customers who get an electric car. The Bush Administration developed the Advanced Vehicle Technologies Manufacturing program in 2007. Obama wound up initiating it, which is something he is well-known for.
A report was released on Thurs, Sept 20 by the Congressional Spending budget Office stating that electric vehicle bonuses have "little or no impact on the total gas use and greenhouse gasoline emissions of the nation's vehicle fleet over the next several years." This is only an issue as the whole goal of the EV tax incentive program is to decrease fuel consumption.
Going on
The CBO comments are not the first negative ones to be seen either. There have been a variety of reports showing that people are not looking forward to electric automobiles.
There was a terrible report for the Fisker Karma extended-range electric vehicle from Consumer reports. The car is "plagued with flaws," it said.
Tesla Motors just had a secondary stock offering, but now it has lowered its near-term revenue forecasts.
Meanwhile, according to Reuters, Toyota magic is waning as it scuttles promises to add a small EV to its line-up. The automaker cited lack of interest from buyers for the move.
The right and left of it
The CBO report will make it much easier for arguments to be won by conservatives considering Republicans are always getting upset at the Obama administration for spending so much money on the Advanced Vehicle Technologies Manufacturing program.
Brian Wynne, the Electric Drive Transportation Association president, does not trust the CBO report and says that it is inconclusive:
"The report provides the caveat that 'as yet, no reliable estimates exist of the share of electric vehicle sales that can be attributed to the tax credits.'"
Just wait a while
Tesla is not able to produce automobiles fast enough, which is why it lowered its revenue projection. Maybe it is good to just have patience.
Lots of people believe that the Chevy Volt spike came because of huge bonuses from the government, but the Volt saw enormous sales increases in August.
General Motors is also offering a ton of enormous rebates to be able to get more consumers for the future regardless of current losses. It believes that demand for the EVs should be anticipated eventually. GM wants to be at the top when people start wanting the cars. It is offering rebates as high as $1,000 for Volt buyers right now.
General Motors may be right about the change being expected. In spite of the truth that the industry is resisting the change, it will likely take place.
During election time, one thing is for sure. This will bring up a lot of discussion. The electric car industry moving forward may hinge on the election.
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