Thank God the government is there to spend your money on the things that the private sector is too smart to consider:
President Barack Obama celebrated the opening of an advanced battery plant in Michigan on Monday as a critical boost for hybrid and electric cars â€” and a success for his administration’s economic stimulus program.
Despite the fanfare, the battery industry faces many hurdles. Gas-electric hybrid vehicles represent about 1 percent of new vehicle sales, and many plug-in hybrids and battery electric cars are just entering the market.
Costs are high. The government has estimated that a battery with a 100-mile range costs about $33,000, although stimulus money could bring that down to $10,000 by the end of 2015.
You see how far Obama (and the country) has fallen when he’s lauding a $33,000 battery as “success.”
“Let’s see, I can get that electric can battery, or I can buy 11,500 gallons of gas for my truck.”
(h/t Gateway Pundit)