CBO: Electric cars are a waste of money

CBO: Electric cars are a waste of money. CBO finds electric cars cost too much (compared to traditional gas-powered) and gov’t subsidies are not enough to make them competitive. What if the price of gas goes up to, say, $8 a gallon? “…if gas were to go to $8, the US economy (and the rest of the world) would come to an economic halt.” Great, then we won’t need cars at all! Utopia!

Author: Bonfire of the Absurdities

After 35 year career writing software for IBM mainframes, am now self-employed contractor thinking of joining a union and striking for higher wages. Cured morbid fear of heights when I learned to look at them as lengths standing on end. Uncompromising in refusal to accept browser cookies. Amateur investor who has accumulated a small fortune in the market after starting out years ago with a large one. For recreation, I run, hike, kayak and play tennis but will not consider synchronized swimming under any circumstances.

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