Electric Car Sales Slow to Take Off

October 22, 2012

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Despite nearly $5 billion in promotions for the use of electric cars, car buyers remain slow to embrace electric vehicles. President Obama invested $5 billion in loans and grants to car and battery producers, spending on charging stations and $7,500 tax credits to car buyers with a goal of having one million electric cars on U.S. roads by 2015. But electric-vehicle sales since 2011 totaled fewer than 50,000 through September, just 5 percent of the target.

Photo Credit: fintastique/bigstock.com

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This article originally ran in NATSO News Weekly (NNW), NATSO's member only weekly electronic newsletter. NNW is packed with the latest updates on government and business issues affecting the truckstop and travel plaza industry.

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