Bob Lutz On Energy, Batteries, and Electric Car Sales

Former GM Co-chairman sees oil and natural gas in North America making the U.S. 'independent of foreign oil' within five years.

Published: 19-Feb-2012

Auto industry veteran and Ann Arbor area resident Bob Lutz, a former vice chairman of General Motors, said today in Ann Arbor that clean energy technologies must become financially viable without government support.

Lutz, citing the collapse of solar firm Solyndra as an example of “$500 million down the rat hole,” said subsidies won’t last.

“Clean energy must, at some point, for long-term success, be the most efficient solution,” he said. “It cannot exist forever on government subsidies and mandates. It just can’t.”

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