$6.5 Billion: The Price Tag of Obama’s Green Car Stimulus

Friday, May 25th, 2012 and is filed under News

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So how much have taxpayers bled for the sake of subsidizing expensive and inefficient electric cars for rich elitist?  This, from the Sacramento Bee:

Since 2008, taxpayers have spent or provided loan guarantees of $6.5 billion for electric vehicles. That includes $2.4 billion for battery and electric drive component manufacturing, $3.1 billion in loan guarantees for electric vehicle projects, and $1 billion in tax credits for the vehicles.