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

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

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.