A car company to produce green electric cars in Salinas California has folded. The company has received $540,000 from the city of Salinas and $187,000 from the California Energy Commision. They ultimately had to close due to a lack of investors.
Electric cars are not a new idea. They have been around since the 1800s. Cars used to come in three flavors : electric, steam, and petrol. Once oil was found to be plentiful in Texas in the early 1900s, cost of fueling and production of the cars became the most affordable and popular option.
The electric car is of course gaining popularity, or at least being thrust upon us through green guilt. After all, who wants to see more CO2? So it must have impressive performance, right? It can make a trip from London to Edinburgh in four days! However, a horse drawn stagecoach makes the same trip in two days.
Are you better off getting a horse? In Europe you are. They are banning cars in the city.