Bloomberg News

Obama Electric-Vehicle Goal Reachable by 2015, Energy Chief Says

January 11, 2012

(For more about the Detroit auto show, see SHOW <GO>.)

Jan. 10 (Bloomberg) -- President Obama’s goal of having 1 million electric vehicles on U.S. roads by 2015 is still “possible,” U.S. Energy Secretary Steven Chu said.

“Whether it’s 2015 or 2016, I don’t know,” Chu told reporters today as he toured U.S. automakers’ exhibits at the Detroit auto show. “We have a good shot of making that.”

Chu said electric-vehicle sales will depend on how quickly the price of their batteries decreases.

Nissan Motor Co. sold 9,674 of its Leaf electric cars last year, missing its target of 10,000 to 12,000. General Motors Co.’s Chevrolet dealers sold 7,671 of its Volt plug-in hybrids, also falling short of its U.S. sales goal of 10,000.

Both of the 2011 models were the automakers’ first electric vehicles to sell in the U.S.

To contact the reporter on this story: Angela Greiling Keane in Washington at agreilingkea@bloomberg.net

To contact the editor responsible for this story: Andrea Snyder at asnyder5@bloomberg.net


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