So There Was No Economic Incentive to Buy the Electric Cars...

At Caroline Glick's, "Oil brings us to a better place..."

It's about Better Place Corporation's attempt to build an electric car company in Israel. Didn't work out so great, actually:

What failed with Better Place wasn't the idea of Israeli hi-tech prowess and ingenuity. What failed - again - was the notion that there is a way to use alternative energy sources - like electricity - to replace the internal combustion engine. And there isn't. There isn't because laws of supply and demand govern the economics of the car industry even when Shai Agassi is the one selling alternative economic laws.

A great piece.

RTWT.