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davem
Lv 5
davem asked in EnvironmentGlobal Warming · 1 decade ago

Should the US government lend more than half a billion dollars to a foreign hybrid manufacturer?

http://online.wsj.com/article/SB125383160812639013...

Gore clearly sees this as well-spent money to fight global warming. According to the Wall St. Journal he's already placed his order for one of these high priced luxury autos.

Is this helpful in the fight against 'global warming', or even wise considering the current economic crisis...or do you think the money would have been better spent financing American builders of far less expensive hybrids?

Update:

Dana: No, Gore's not the main reason I'm questioning the deal. It's because these new cars will be built in Finland, not the USA. There's the likelihood that cars will eventually be built in the US, but that's not certain.

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  • Anonymous
    1 decade ago
    Favorite Answer

    No

    The money would have been better spent on fleet vehicles power by battery and used by the governent.

    Postal vans

    small cars used by the military and the agencies, and the Park Service, etc.

    Interchangeable batteries changed out on a fleet service basis is the way to bring the electric car into use, not the privileged class running individual cars with no hookups to charge them.

    The richie richies will do the Tesla/Fiskar fad for 2 years then move on when they see how impractical it is for them.

    The electric car movement will suffer a huge setback.

    No probs with dropping a billion of electric cars, but why not do it right?

    Is all policy made in Washington stupid?

    Is it something in the water there?

    Source(s): Wrote the book on this subject
  • 1 decade ago

    There will probably always be a luxury/sports segment of the automotive market (one that's now disproportionately carbon-intensive), so reductions there would be good. The article does note that "Fisker said most of its DOE loan will be used to finance U.S. production of a $40,000 family sedan that has yet to be designed". In any case, I'd prefer production assistance for full hybrids, not the half-assed hybrids like those released by GM that got barely an extra few MPG. Honda and especially Toyota have seemed more serious about the technology, and have tended to get greater COMBINED fuel economy ratings (city/highway, not just the highest of the two). Maybe loans or other assistance should be based on the expected percentage of fuel savings over a conventional model, not just whether something is a "hybrid".

  • 4 years ago

    you like a historical past lesson. whilst intelligence comments surfaced that Libyan chief Muammar el-Qaddafi had plans to assassinate American diplomats in Rome and Paris, President Reagan expelled all Libyan diplomats from the U.S. (would 6, 1981) and closed Libya's diplomatic venture in Washington, D.C. Pan Am Flight 103 from London to long island exploded over the small city of Lockerbie, Scotland. All 259 human beings (178 human beings) on board have been killed, alongside with 11 on the floor. in accordance to the State branch's "varieties of international Terrorism, 1991," released in April 1992, the bombing of Pan Am 103 "grew to become into an action authorized by using the Libyan government." An American soldier grew to become into killed whilst a bomb grew to become into detonated at l. a. Belle, a discotheque in West Berlin general to be time-honored with off-accountability U.S. servicemen. A Turkish woman grew to become into killed, and just about 200 others have been wounded. U.S. intelligence supplies pointed out Libya as being liable for the attack.

  • 1 decade ago

    American auto manufacturers have gotten a little bit of money too.

    Fisker is a good company with a good car. Yeah it's expensive, because it's their first model. They'll likely follow Tesla's strategy of introducing a luxury model first and then developing more affordable cars once their initial research and development have been paid off.

    Let's be honest - the only reason you're objecting here is because Gore invested in Fisker.

    And yes, it's helpful in the fight against global warming because plug-in hybrids like the Volt and Karma significantly reduce greenhouse gas emissions as compared to standard gas cars.

  • Anonymous
    1 decade ago

    Half a billion? That's less than one week fighting in Iraq. The car company might actually pay back the money, but our time in Iraq will just produce terrorists.

  • 1 decade ago

    Nope, but what else could you expect from congress besides stupidity.

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