Obama’s Prediction of a Million Electric Cars on Road By 2015 Off By 72%

CNS News reports:

In his 2011 State of the Union address, President Obama predicted that the U.S. would have “a million electric vehicles on the road by 2015.”

The president backed up his prediction with $2.4 billion in federal grants to companies producing lithium-ion batteries for plug-in cars.

But reality hasn’t even come close.

Despite massive federal spending on electric vehicles, which is expected to total $7.9 billion through 2019, there are currently just 286,390 plug-in vehicles on the nation’s roads today, according to the Electric Drive Transportation Association (EDTA).

That’s 72 percent lower than the million electric vehicles the president predicted four years ago. And with gasoline prices now averaging $2.06 per gallon, the lowest they’ve been since April 2009, that percentage is not likely to change any time soon.

Despite steep discounts, manufacturers’ rebates, federal and state tax credits, and even special utility rates in some areas, plug-in electric vehicles accounted for just 3.5 percent of the more than 16.4 million light vehicles sold in the U.S. in 2014, according to EDTA.

Central planner Barack Obama finds it easy to "invest/steal" other peoples' money and make grand pronouncements that have no basis in reality.