Posts Tagged ‘green energy subsidies’


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Federal Fisker Fiasco: Biden Backs a Loser


Monday April 8th, 2013   •   Posted by K. Lloyd Billingsley at 9:13am PDT   •   5 Comments

Fisker Automotive has laid off most of its employees, a sign of impending doom for a company some called Solyndra on wheels, with good reason. Fisker got a federal Advanced Vehicle Technology Loan of $529 million, about the same amount Solyndra received before laying off its employees and going bankrupt. The $529 million came…
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Bad Karma Explodes Government Fisker Fiasco


Wednesday November 7th, 2012   •   Posted by K. Lloyd Billingsley at 9:43am PST   •   10 Comments

Among her many devastations, Hurricane Sandy swamped the port of Newark and managed to submerge 16 Fisker Karma electric hybrid automobiles, which then caught fire and exploded. Fisker could not explain the sudden combustion, not the first problem for the company touted by President Obama, and which received federal loan guarantees of $529 million…
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Fed Battery Boost a Bust


Monday October 22nd, 2012   •   Posted by K. Lloyd Billingsley at 11:08am PDT   •   2 Comments

In 2009 the federal government gave a $249 million grant to A123 Systems, a green energy manufacturer touted by President Obama as an example of “what’s possible in a clean energy economy.” The company used the money to make batteries for electric cars in two Michigan factories. But since 2009 the company lost $857…
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Government Needs Volte-Face on Electric Car Incentives


Monday September 10th, 2012   •   Posted by K. Lloyd Billingsley at 10:51am PDT   •   9 Comments

Electric cars have been around for more than 100 years but now the federal government “incentivizes” them, as politicians like to say. Electric vehicles (EVs) purchased in 2010 or after may be eligible for a federal income tax credit of up to $7,500. (The credit amount varies based on the capacity of the battery.)…
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$100 Billion of Corporate Welfare


Wednesday August 8th, 2012   •   Posted by Craig Eyermann at 9:37am PDT   •   14 Comments

How much welfare do corporations receive as a direct cash benefit from the U.S. government? According to a recently published Cato Institute policy analysis, it’s nearly 100 billion dollars. We mined the report to visualize which U.S. government agencies or spending categories are the biggest recipients of the largesse of U.S. politicians: The majority…
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