Interesting...Posted By Jeffrey Counsil |
http://www.icecap.us/
http://spectator.org/archives/2011/03/08/green-temp-jobs-granted
Anyway, the project gives the also-very-subsidized sales of the Nissan Leaf and Chevrolet Volt some oomph. Drivers of those electric vehicles who also sign up for the ECOtality project will receive a free charging station, a $1,200 value. With the $7,500 tax credit for the vehicle, those are some big dollars to get somebody to develop a habit for the government to study.
The Oregonian reports that 600 Oregonians have already signed up for the program, which means $720,000 flowing from your pockets to the test cases', so they can have a free gas pump lookalike in their garages that dispenses electricity. But there are more as five other states are part of the project, with ECOtality planning to give away a total of 15,085 charging systems to the guinea pigs.
You might think this largess would lift ECOtality above the profitability line. You'd be wrong. Through the third quarter of last year the company had a net loss of $12.5 million, on $9.3 million in revenues, according to Securities and Exchange Commission filings. This followed losses of $29.5 million in 2009 and more than $8 million in 2008, yet somehow the government thought ECOtality was a good "investment" of your tax dollars.
http://spectator.org/archives/2011/03/08/green-temp-jobs-granted
Anyway, the project gives the also-very-subsidized sales of the Nissan Leaf and Chevrolet Volt some oomph. Drivers of those electric vehicles who also sign up for the ECOtality project will receive a free charging station, a $1,200 value. With the $7,500 tax credit for the vehicle, those are some big dollars to get somebody to develop a habit for the government to study.
The Oregonian reports that 600 Oregonians have already signed up for the program, which means $720,000 flowing from your pockets to the test cases', so they can have a free gas pump lookalike in their garages that dispenses electricity. But there are more as five other states are part of the project, with ECOtality planning to give away a total of 15,085 charging systems to the guinea pigs.
You might think this largess would lift ECOtality above the profitability line. You'd be wrong. Through the third quarter of last year the company had a net loss of $12.5 million, on $9.3 million in revenues, according to Securities and Exchange Commission filings. This followed losses of $29.5 million in 2009 and more than $8 million in 2008, yet somehow the government thought ECOtality was a good "investment" of your tax dollars.
