CNN Money: Electric Cars Will Need Lots of Financial Support

The above CNN article is interesting in oh-so-many ways. They are essentially saying that electric cars don’t make good financial sense, and won’t do so in our lifetimes, but they still think that governments should spend billions upon billions to push them through anyway. This is in spite of their own conclusions that:

“If cost-effectiveness were the goal, improving the performance of today’s internal combustion engines would be the best option.”
“… by 2020, when battery costs will have come down, a battery for an electric car with an 80 mile range will still cost about $14,000.”

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