Wednesday, February 29, 2012

Bright the latest Indiana electric vehicle startup to call it quits

The one positive of Obama's presidency is that his administration is even incompetent at carrying out it's own stupid high priorities.
Just when it seemed like things couldn't get worse, Indiana received more bad news on the electric vehicle front Wednesday as another promising hopeful announced it would call it quits.

Bright Automotive, which had plans to deliver 300 manufacturing jobs to Indiana by 2012 pending the outcome of a loan from the Department of Energy's Advanced Technology Vehicle Manufacturing Program, announced Wednesday it has withdrawn its DOE application and will wind down operations in Indiana.

In a scathing letter to Energy Secretary Steven Chu, Bright Automotive Chief Executive Reuben Munger and Chief Operating Officer Mike Donoughe described an overly bureaucratic process and called the department ineffective in its mission to meet President Barack Obama's goal of adding one million plug-in vehicles to the road by 2015.

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