Short-Circuiting the Electric Car Business | FrontPage Magazine

Short-Circuiting the Electric Car Business | FrontPage Magazine:

Another frustration for President Obama: U.S. companies making electric cars and batteries they hope to sell to China, Europe and other markets can’t do business abroad unless they make the products there, according to a Sept. 28 report from Scientific American. The administration was expecting to manufacture 40 percent of the world’s high-tech batteries for electric vehicles and hybrids by 2015. Although the markets will probably flourish overseas, the companies that make electric cars, hybrids, and high-tech batteries for these vehicles can do business there only by manufacturing on foreign shores."