Romney Reiterates No Loans To Electric Vehicle Companies
It would be easy to jump to that conclusion and we can only see one of the two parties using this to instill fear in the heart of would-be voters. Nonetheless, the question is valid. If candidate hopeful Romney wins, he pledged his administration would cut loans to electric car companies and focus more on drilling for petroleum locally in order to boost output. Is this a myopic strategy bound to tie the economy even more to petroleum and kill electric car advances or does it even matter at all anymore?
Early Adopter Phase Over. We can look at Romney’s reiteration of nipping loans to electric cars in many ways. Is the glass half full or half empty, in other words. While a presidential win from candidate Romney would certainly spell the end of loans for electric vehicle companies, or at least on the surface, it doesn’t spell the end of electric cars. Too many people now own, have driven and simply understand the value of an alternative energy car in a world where gasoline price has never shown to come down to the levels of yesteryears.