Bob Lutz On Energy, Batteries, and Electric Car Sales
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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