J.D. Power To Announce Electric Vehicles OVER-HYPED - Duh We Say

See Updated Story (October 27, 2010) HERE

SEE ALSO: Electric Vehicles - Solution or Diversion
SEE ALSO: WSJ Reports Bumpy Road for Electrics
SEE ALSO: New Survey Shows Americans Confused About Alt Fuels
SEE ALSO: Big Oil Benefits From Divide and Conquer

J.D. Power and Associates will report that future global demand for hybrid and battery electric vehicles “May be overhyped” when it releases the results of its 2020 ‘Drive Green 2020’ Report on Global Hybrid-Electric Vehicle Demand at 9 a.m. ET on Wednesday, October 27.

ED NOTE: It’s about time that others are finally coming to the same conclusion we discovered years ago, Electric Vehicles as a solution to get usa off of gasoline is a fairy-tale…thanks J.D. Powers for helping get the truth out...

Here are the main beneficiaries of the Electric Vehicle Tulip Frenzy :

• Big Oil – by helping take America’s eyes off the real solution they help themselves by keeping a monopolistic and subsidized status-quo going for as long as possible and make us peasants continue using a trillion dollars of gasoline a year .
• Big Power – the frenzy creates another reason to discuss deregulation (like Texas and California), raise rates, explore a “smart-grid” to the tune of billions of dollars of DOE research grants, and continue their status-quo.
• Wall Street - Billions of dollars are being invested by American taxpayers through DOE grants and those investments are being used to create unrealistic valuations for unneeded start-up battery companies with Investment Bankers, Underwriters, Angels and other Enron types adding to their bank accounts, while helping the bad guys continue their status-quo.
• Government - the longer the gasoline status quo continue the longer they collect traditional taxes, for the past three years we have said that if Electric Vehicles were not just a fanciful fairy-tale that the subject of how to collect highway taxes would be front and center… have any of you seen or heard of the way to tax EV’s for necessary road repairs and construction?
• Car Companies - there is lots of research money being spread around, lots of battery investment bull, and a way to take our collective eyes off the real solution (why we ask?). Although the domestic brands are virtually all flex-fuel capable they have been way to quiet about it (why we ask), and why hasn’t the UAW helped promote the mandate of Flex-fuel (E85) models, as both Patriotic and a potential boon to their members (why we ask?)

STAY TUNED!