Back in 2008, with gas prices averaging nearly $4 a gallon, President Barack Obama set a goal of getting one million plug-in electric vehicles on the roads by 2015.Since then, his administration has backed billions of dollars in EV subsidies for consumers and the industry.
Yet today -- with gas prices near $2 a gallon -- only about 400,000 electric cars have been sold. Last year, sales fell 6 percent over the previous year, to about 115,000, despite the industry offering about 30 plug-in models, often at deep discounts.
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