Tag: Fisker Automotive

Drive Angry

I always thought the electric car would create new and exciting jobs. I just didn’t think that the jobs it would be create would be in the fire-fighting and home rebuilding industries:

An electric vehicle manufacturer that received a $529 million loan from the Energy Department is recalling 239 vehicles.

The Transportation Department’s National Highway Traffic Safety Administration (NHTSA) said Thursday that the company, Fisker Automotive, will recall its Karma vehicles made between July 1, 2011, and Nov. 3, 2011, because of a faulty electric battery component that could cause a fire.

Oh yeah, about those jobs:

The administration has come under fire for issuing the loan after ABC News reported in October that Fisker is making its vehicles in Finland because it could not find a contractor in America to manufacture them.

But the Energy Department has countered that the loan was intended to help Fisker develop the vehicles, which the company did in the United States.

Look, electric vehicles are new technology. We’ve had over a century to develop gas-powered cars to the point where the most dangerous part is the sack of meat behind the wheel. So it’s not surprising that electric cars have problems, although the spectacular nature of the problems is a bit shocking. And maybe Fisker will recover and become the next century’s Ford.

But did we need to loan half a billion dollars for this? They couldn’t find some private lender like Warren Buffet (now ridiculously called the fifth most admired man in America because 2% of Americans said so)? The government should not be financing speculative technology; especially not at the cost of basic fundamental research.

Pull the plug on this whole program, guys.