Second, a 2016 timeframe is way behind the curve.
Here’s what’s really needed, per former Clinton official David Sandalow:
• $5 billion to help automakers retool production plants.
• $12 billion in consumer tax credits for plug-in hybrids.
• $1 billion to add 30,000 plug-in hybrids to the government fleet each year for 10 years.
• $500 million to underwrite warranties on lithium-ion batteries until the technology is proven.
Third, the standards — getting a plug-in hybrid that can go 40 miles in electric mode without recharge — are pathetic.
Last, and unmentioned, is the discriminatory crock of giving the money to GM, Ford and General Electric.
Who’s already the No. 1 builder of hybrids? Toyota.
Who already has a near-complete vertical integration of hybrid technology? Toyota.
Who is passing, if not already past, GM in development of plug-in hybrid technology? Toyota.
Not giving it plug-in hybrid grant money is pounding sand down a rat hole.
Also, per something else Wired missed, it’s also arguably protectionist under World Trade Organization standards and subject to formal grievance and complaint, which I hope Toyota, or Honda, does.
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