What a laugh! But half a billion dollars down the drain is not so funny. It's a prime example of how Green/Left governments are completely out of touch with business realities
THE Rudd Government is forging ahead with attempts to create a home-grown green car, hoping to generate $2 billion worth of investment in the ailing auto industry. Industry Minister Kim Carr is overseeing work on an election promise to create the car, which could rival other successful energy-efficient models such as the Toyota Prius [In his dreams!]
The Government has pledged to put in half a billion dollars to create Green Car Partnership over a five year period from 2011. Senator Carr said: "This fund will generate $2 billion in investment to develop and build fuel-efficient cars in Australia and will be developed in consultation with the sector as part of the upcoming review of the auto industry. "The automotive industry is of vital importance to the Australian manufacturing sector and to the Australian economy more broadly. "The industry currently faces a range of challenges, such as climate change and the environment and consumer demand for more fuel-efficient vehicles."
Australians have been slow to embrace green cars. There are not any manufactured here and only 3200 hybrids were sold in 2006. [Which shows the usual good sense of Australians]
Posted by John Ray