Indiana University Study: Obama's Electric Vehicle Goal Hits Roadblock
 Hendrik Gerritsz Pot; Allegory of Flora's Wagon of Fools around 1640. A cartload of tulip-deranged Dutchman leading the common workers into the sea. Substitute EV Over-Promoters for the tulip-frenzied. |
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Washington DC February 2, 2011; Erika Dimmler writing for CNN reported that President Barack Obama's goal of putting 1 million electric cars on U.S. roads by 2015 could run into a huge roadblock -- the American consumer.(Ed Note: The American people are once again proven smarter thann their government - Horray!)
According to a report released Wednesday by researchers at Indiana University, automakers are unlikely to manufacture enough cars to reach the president's goal because of a potential lack of buyer demand.
Nissan and General Motors, makers of the Leaf and Volt, respectively, already have the capacity to produce enough cars to meet the goal. Serious questions remain, however, about the level of desire among potential buyers worried about cost, ease of use and likely resale value.
"After the early adopters, what is going to motivate the mainstream people to buy the vehicles?" asked Gurminder Bedi, a retired Ford Motor Co. executive and one of the authors of the report.