(Washington Free Beacon) Critics of Democrats calling for additional subsidies for electric vehicles are pointing to the financial troubles of one stimulus-backed car producer that just announced it is closing its U.S. plant.
Missouri-based Smith Electric Vehicles said this week that it is suspending operations in the United States due to a “tight cash-flow situation.”
Its financial troubles came despite nearly $30 million in funds from the Department of Energy (DOE) granted to the company through President Barack Obama’s 2009 stimulus package.
