For a century, the Japanese tried to develop an electric car that makes economic sense. They are finally giving up:
“Because of its shortcomings — driving range, cost and recharging time — the electric vehicle is not a viable replacement for most conventional cars,” said Toyota’s vice chairman, Takeshi Uchiyamada, in a Reuters report. “We need something entirely new.”
Toyota and Nissan are dropping plug-in electric car development in favor of hydrogen fuel cells. But don’t expect Obama to stop wasting massive amounts of our money subsidizing the pointless Chevy Volt.
On a tip from Wiggins.