Obama appointee subsidizes electric bus company, then goes to work for it

The Washington Examiner reports:

Washington's green revolving door keeps on spinning.

President Obama’s Secretary of Transportation Ray LaHood has left the administration and joined an electric bus company he subsidized and praised while in office.

Proterra Inc. makes buses that require no gasoline or diesel – they run on electricity and fuel cells.

You can see why electric buses would appeal to cities that want to clean the air and reduce fuel usage: City buses run a predictable number of miles a day, averting worries about dead batteries. Also, a fleet of buses creates economies of scale that can make recharging infrastructure economical.

Proterra is the leading U.S.-based manufacturer of electric buses. Like most green-technology companies, it receives taxpayer subsidies from many federal, state and local programs.

Rent-seeking gone wild.