Electric car market Washington — The electric vehicle industry is in serious trouble, or at least far behind where its proponents had hoped it would be.
On Tuesday, one of the nation's largest electric car battery companies — A123 Systems Inc., which has 1,000 workers and contractors in Michigan — filed for bankruptcy. It has lost $900 million since 2007 amid sluggish electric vehicles sales.
After years of promises that electric cars would end the nation's reliance on imported oil, the bad news has been steady in recent weeks, with reports of lagging sales and projects being pushed back.
Despite high gas prices, established automakers and start-ups are struggling to convince Americans to buy the cars. In Washington, the political consensus in favor of electric vehicles has evaporated.
"When the snows fall and the white winds blow, the lone wolf dies but the pack survives." Winter is Coming Now this is the Law of the Jungle—as old and as true as the sky; And the wolf that shall keep it may prosper, but the wolf that shall break it must die. As the creeper that girdles the tree-trunk, the Law runneth forward and back; For the strength of the Pack is the Wolf, and the strength of the Wolf is the Pack.
