President Barack Obama’s administration, which set a goal of buying only alternative- technology vehicles for its fleet by 2015, cut purchases of hybrid and electric models by one-third last year and bought mostly Asian brands.
President Barack Obama has put $5 billion in taxpayer money behind his goal of having 1 million electric cars on U.S. roads by 2015. The Republican presidential ticket says it’s money wasted on “losers.”
Public charging stations for electric autos outnumber outlets for alternative motor fuels by almost two to one, even though there are hundreds of times more flex- fuel vehicles than plug-in cars on U.S. roads.
President Barack Obama’s administration has bought almost a fourth of the Ford Motor Co. and General Motors Co. hybrid vehicles sold since he took office, accelerating federal purchases as consumer demand wanes.
Tesla Motors Inc. , the electric carmaker backed by Toyota Motor Corp. and Daimler AG , said cheaper batteries will make its Model S sedan profitable with much lower sales than Nissan Motor Co. seeks for its Leaf car.