Congressional Budget Office: Electric cars are a waste of money

The CBO report is here.

And here is the commentary on it, from Business Insider.

CBO: Electric Cars Are A Waste Of Money

I’m not knocking electric cars, I’m knocking DC’s role in this industry. Washington has provided the loot necessary for research on battery design, it has committed to up to $25Bn of soft loans to the auto industry and it is subsidizing every electric car that is sold. Without the massive support from our “rich” Uncle Sam there would be no electric car industry in the USA. The question is, “Is this money well spent?”