The White House has backpedaled just a bit from that “one million electric vehicles” goal, having figured out that, well, it’s not going to happen any time soon. I still think it will happen, but probably not in the next four years. Meanwhile, we’re up to our anodes in batteries:
The lack of acceptance by consumers is creating a glut of batteries. LG Chem Michigan, a unit of the Korean conglomerate LG, for example, was awarded more than $150 million in funding by the U.S. Department of Energy under the 2009 Recovery Act to help construct a $304 million lithium-ion battery cell manufacturing plant in Michigan. It was supposed to create 440 jobs. But the company is still supplying batteries for the Chevy Volt from its Korean plant, and fewer than half the jobs in Michigan have been realized. Why? Lack of demand. LG Chem and the DOE have just been reprimanded by the DOE Inspector General for misusing taxpayer funds and not delivering on stated goals.
Emphasis added, because it seems so improbable that a government agency might complain about taxpayer funds being misused — even to itself, by itself.
Perhaps the upcoming Cadillac ELR, a Volt in a three-piece suit, will use up some of that battery capacity.