Green corporate welfare these days is for electric cars, wind power and solar power
ABC News has done a carefully researched investigative report on the Department of Energy’s billions of dollars in awards to electric car programs that remain years away from profitability. They lead with a headline intended to appeal to the economic nationalism of the mass public — “Car Company Gets Loan, Builds Cars in Finland” — but in my judgment the worst part of the loans is that they simply don’t make good business sense. And in several instances, they are surrounded with the stink of cronyism.
Fisker is more than a year behind rolling out its $97,000 luxury vehicle bankrolled in part with DOE money. While more are promised soon, just 40 of its Karma cars (below) have been manufactured and only two delivered to customers’ driveways, including one to movie star Leonardo DiCaprio. Tesla’s SEC filings reveal the start-up has lost money every quarter. And while its federal funding…
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Utopia, you are standing in it! 
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