New electric car setback

October 24, 2012 • Editorial

The bankruptcy filing last week of A123, the taxpayer-subsidized electric-car battery company, renews attention on President Barack Obama’s massive $5 billion “investment” in the nascent electric car industry.

The president predicted 1 million electric cars on U.S. freeways and roads by 2015. However, once-bullish executives of electric car companies and battery manufacturers concede that their industry will come nowhere close Login to read more

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