The fuse is lit on another green stimulus loan.
You may remember that the Obama administration loaned $529 million a foreign carmaker to produce $96,000 luxury EVs.
It’s looking like the Fisker loan may do for EVs what Solyndra did for solar power.
Fisker hopes to sell 12,000 to 15,000 $96,000 Karmas next year — even though fewer than 3,900 Chevy Volts — priced at “only” $41,000 — have sold through September.
Read the Washington Post‘s “Fisker, electric carmaker backed by $529 million U.S. loan, balks at Solyndra comparison“.
Read Investor’s Business Daily‘s “Green Energy’s Bad Karma“.