Driving The Plug-In Hybrid To Oblivion

The plug-in hybrid, a car that uses the same socket as a vacuum cleaner, or at least one close it, has gotten the full force of backing from the Obama Administration. The President believe that America should have one million of the vehicles by 2015. Ford F, GM, Toyota TM and Honda HMC all plan to have their plug-ins on the road by then, if there is any road to have them on. The plug-in is a good product in theory, but it is hard to imagine how people will get a charge once they leave home.The Senate is about to vote on legislation that would give plug-in hybrids an $11 billion government investment. Most of that money may go to pay consumers to buy them. Plug-in technology adds about $12,000 to the cost of a normal car. The US may have to pay steep subsidies to people who drive them. The plug-in has several problems, not the least of which is that other hybrid models based on different technology are for sale now and are doing very well. To read the rest, head over to 247WallStreet.com