Electric cars are only as green as their power grid - CNBC
Tesla burns cash, loses more than $4,000 on every car sold This concentration has been fueled by heavy tax breaks, subsidies, and privileges for purchasing and driving an electric car in Norway. Norway was trying to encourage its own fledgling electric industry, featuring Pivco (later named Think), a company whose electric cars were featured at the 1994 Lillehammer Winter Olympics in Norway, which was purchased by Ford in the late 1990s,... Norway's electric car market lived on, however, getting a second wind as global leaders began to recognize and regulate fossil fuel emissions in an effort to reduce pollution, carbon dioxide and harm to the environment. While the country missed the boat in terms of fostering a global electric car juggernaut, its hydropower grid is becoming a juggernaut of its own. The cap, which operates in the 28 European Union countries plus Norway, Iceland and Lichtenstein, actually shrinks emissions from power stations and the like by 1. 74 percent each year from 2013 onward, for a 21 percent targeted reduction by 2020.... Source: www.cnbc.com
