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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?
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.
6 Answers
- Anonymous1 decade agoFavorite 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
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- Dana1981Lv 71 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.
- Anonymous1 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.
- f100_supersabreLv 71 decade ago
Nope, but what else could you expect from congress besides stupidity.