Bill Clinton says 'Cash for Electric Vehicles': He's right.


The former president dropped this wisdom at the National Clean Energy Summit in Las Vegas yesterday, according to the Earth2Tech green blog. His logic? The "Cash for Clunkers" program worked so well that perhaps we should be spending our money on a more revolutionary solution, namely, the wholesale conversion of America to an electric car ecosystem.

It would be a bold move, no doubt, but a far smarter and more effective way to secure our energy future and to boost the development and scale of this still fledgling part of the U.S. economy. Besides, many automotive industry analysts believed cash for clunkers was really a waste of money, giving billions in cash to people who would probably have bought new or used replacements cars for their aged chariots anyway.