America will not achieve President Obama’s goal of 1 million electric cars on the road by 2015. This is despite large subsidies from the federal government and many states for making batteries and vehicles as well as additional subsidies for purchasing these vehicles. Very few consumers are interested in expensive cars with limited range and the anxiety of not knowing if the battery charge will last for their entire journey. As a result, manufacturers are dropping prices in order to sell the vehicles they are forced to produce. First Nissan slashed prices of its plug-in vehicles early this year, then Ford, Honda, Daimler and GM cut their electric vehicle prices and/or leases in order to entice consumers to purchase them even while losing money on each vehicle sale.(i)
