Though car battery start-ups were granted close to $1.3 billion in U.S. grants to open at least nine factories, the industry and its government funding plants continues to not create jobs nor produce batteries.

These grants, given out by the Obama administration since 2009, were part of a six-year campaign to produce one million electric and plug-in hybrids, the current tally total sits at a paltry 50,000 cars. This lack of success is clearly visible at the green-energy battery plants whose construction in Florida, Pennsylvania and Michigan was funded by the grants. Less than one-third of the projected number of employees these factories would create have in fact been created. So far, the funding that was given to companies such as Fisker Automotive Inc. has not been an effective use of anyone’s dollars.

Thanks to AutoLoansFlorida.com for this tip.

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