Here is some history behind the rise, fall, fall, and fall of electric vehicles from Edison to Enron. The Wall Street Journal reported on this failure with the pull quote: “Obama’s green energy industrial policy turns up in Chapter 11.” Energy physicist Mark Mills wrote in Forbes: “A123 Bites the Dust Because They Forgot Their ABCs.” In Edison to Enron: Energy Markets and Political Strategies, I discussed some history regarding electric vehicles that has become pertinent given the bankruptcy this week of battery-maker A123 Systems. Bradley, Electric Car Verdict: Another Government-Subsidized Bust, September 26, 2012. Why? Because in a free market, consumers pick winners to leave the losers for government.” “When government tries to pick losers and winners, it typically picks losers.
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