When President Obama came into office, he brought with him promises for new alternative energy vehicles including EV’s. He wants 1 million plug-in hybrid cars on the road by 2015, a goal easily achievable. Additionally, the Obama administration threw billions of dollars at electric vehicle and other alternative energy startups. But has the spigot been turned off?
Not quite. A new energy bill making the rounds in Congress would allocate $4 billion for natural gas vehicles… and just $400 million for EV’s. Has the tide turned against electric cars yet again?