Politics for MacAullif are Simply Electric

Former Clinton fund-raiser and Hillary 2008 Chair has turned green, purchasing the Hong Kong based electric car manufacturer MyCar (photo below). When you think about it, a key component in successful EV ventures is entirely political, with significant funds – loans, tax credits, rebates, etc… – available from Federal and state governments to both manufacturers and consumers. And of course, significant funds are needed to bridge the gap between the cost of conventional vehicles and EVs in order to make these ventures viable.

Bloomberg story here: http://www.bloomberg.com/news/2010-10-07/terry-mcauliffe-pursues-a-new-shade-of-green-with-mycar-project.html