Kyle Stock of BloombergBusinessweek reports that, while there is undeniably good news for the driving class in the falling price of gasoline:
… savings are most concentrated for those driving cars with old-fashioned combustion engines. A road trip in a Ford F-150 pickup from New York to Los Angeles costs about $292 at the moment, roughly $84 less than it did just two years ago. A stop for gas in the middle of the country will cost less than $2 per gallon.
And this represents:
… a major problem for anyone trying to sell hybrid and electric vehicles. Electric engines and their massive batteries have never been cheap. A big part of the sales equation—savings at the fuel pump—has virtually vanished.
President Obama had set a goal of one million electric vehicles on the road by now. We had already fallen well short of that.
Now … hopeless.
So, does he still plan to buy a Volt when he leaves office?
