Chesser: Taxpayer Cash for Ener1 Helped a Thrice-Failed Foreign EV Company

Norway, this should be happening.

Paul Chesser writes at NLPC.org:

Last week yet another treasured Obama administration “Green” energy company – electric vehicle battery manufacturer Ener1 – went bankrupt, after having been granted $118 million in stimulus funds in August 2009. But the gift did more than just sustain it and subsidiary EnerDel; the cash enabled the company to bail out what would be its top customer, a Norwegian electric car company that had already been drained of cash on at least three previous occasions…

Read Chesser’s entire column.