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04/23/2012 - 07:25

A Jacksonville.com report gives a good explanation for why some Florida localities are purchasing Chevy Volts. When Jacksonville's chief of fleet management, Karim Kurji, was asked what the advantage of going green by purchasing Volts was he hit the nail on the head when he replied, "Federal money."  The story goes on to reveal that the total federal taxpayer money used to subsidize one Chevy Volt purchased by Atlantic Beach was over $33,000. It now appears obvious that the Obama Administration and General Motors are willing to pay just about any price, even if the taxpayers are footing the bill, to see the Chevy Volt "succeed."

04/22/2012 - 18:05

Volt recharging photoThe Obama Administration has over-stimulated the electric vehicle battery market, as companies inspired by the flow of federal stimulus support don’t have enough customers for their products.

The government promise of a coming electric car (and truck) revolution, thanks to moves such as President George W. Bush’s signature to approve a $7,500-per-electric-vehicle tax credit and Congress’s passage of the Recovery Act, instigated a buildup of capacity and inventory for batteries. Now putrid EV sales – including the newly introduced Ford Focus electric – have put their battery makers in peril, according to the Detroit Free Press.

04/20/2012 - 09:28

Frito Lay Electric TruckDespite a new report out of the United Kingdom that says the future of the business is bleak without government subsidies, a three-year-old unprofitable electric truck company that received $32 million in U.S. taxpayer stimulus plans to raise more money via an initial public offering.

04/19/2012 - 16:46

NLPC Associate Fellow Paul Chesser was a guest Monday on The Willis Report on the Fox Business Network. Here's a transcript:

04/19/2012 - 10:00

First Solar Logo

First Solar, the beneficiary of at least $3 billion in Department of Energy loan guarantees, paid its former CEO $32 million over two years as he stewarded its stock price from $143 to below $100. Today it sells for less than $21-per-share, hitting a 52-week low last week, and yesterday the company announced it would slash global payroll by 2,000 workers in Malaysia, Europe and the U.S.

04/19/2012 - 09:15

Steve Rattner photoMitt Romney has been criticized for stating that the Chevy Volt is an idea whose time has not come. We have gotten to a stage in the election cycle where even the slightest of criticisms against the Volt leads to outcries of a right wing, "wrong-headed" conspiracy to hurt sales of the vehicle. What has not been reported is the fact that the Obama White House was the first to say that the car was not ready for prime time.

04/13/2012 - 14:28

Obama and Trumka photoIn the eyes of the AFL-CIO, a president can never lean too far leftward. But if President Obama hasn't made all the right moves, he's made enough of them to win its support. On March 13, the federation's 57-member executive council met in a closed-door session in Orlando, Florida to unanimously endorse Barack Obama for re-election. "We will continue to have disagreements with him (Obama)," said federation President Richard Trumka after the vote. "But we've never doubted one thing: We've never doubted he's a friend of working people and he's the best out there."

04/12/2012 - 15:35

General Motors has been quick to allay concerns that the Chevy Volt had anything to do with an explosion at a testing facility that appears to have injured five workers, one possibly seriously. The explosion has been attributed to gases from a lithium-based prototype battery being developed at GM's tech center. While the incident should not serve as an indictment against the Volt, concerns about volatile lithium-ion batteries are legitimate.

04/12/2012 - 14:21

Three Stooges photo

Just as the Department of Energy gave A123 Systems a vote of confidence by extending a deadline until 2014 to spend down its $249 million stimulus grant, the deeply troubled electric vehicle supplier experienced another setback.

One of their batteries caused an explosion.

04/12/2012 - 07:29

Another important story goes unreported by TV networks receiving millions of dollars in ad revenue from General Motors. Viewers getting their news from Obama-friendly sources continue to hear about how great GM is doing. For those getting their news from internet sites not beholden to Government Motors, the reports aren't as good. March US market share for GM fell to 17.5% in March, the lowest level for "Old" or "New" GM since 1922.

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