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FBN’s Gerri Willis on the lack of sales of electric cars despite government support such as tax credits.
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I electric cars remember the dream that's the president's -- listen to this.
We can break our dependence on oil -- biofuels.
Become the first country to have a million electric vehicles on the road by 2050.
-- -- -- A million electric cars on the road by 2015.
Save the planet save big gas bill -- somebody forgot to tell consumers.
Because despite the tax credits -- up 7500 dollars to buy these models just 181000.
Just 181000 were sold into 111.
Boy at that rate we'll have a million green cars on the road by.
Two when he 67.
Or 55 years from now.
Incredible where do we go wrong.
It's easy government got involved the feds are no good at picking what technologies regular Americans are going to glom onto.
Did the Department of Energy create Amazon.com.
So people would save gas driving to the mall no they did not did oppose stop it said then sky.
So people who get in touch more inexpensively no they did not.
Breakthrough products were invaded by private companies.
Right let's stick the card since that's where we started like the model -- a 104 years ago the nation's first touring vehicle was also the first produced on an assembly line.
He report said his car was for the great multitude.
And house sixteen and a half million model t.s were eventually sold sixteen and a half.
Or how about the biggest selling American made vehicle ever.
The Ford F series trucks.
An amazing 35 million of those have been sold since the trucks were first introduced weight back in 1948.
And it's ranked as the number one selling vehicle in the US for 24.
Years.
And now even tricked them out just like a sedan with TV screens high tech sound systems.
Even back seats.
But none of this none of this required.
A tax benefit to boost sales and that's the problem when government starts tinkering aligning its priorities with the private sector.
Get the -- bull.
Fannie Mae Freddie Mac all disasters all costing the taxpayer.
