Karma Is a $107,000 Paperweight

Those guys at Consumer Reports may have set a new all-time record:

The Fisker Karma is a plug-in hybrid car that seems to have everything the rich and famous — and environmentally correct — look for in a set of wheels. Sleek silhouette? Check. Green cred? Check. Six-figure price tag? Check.

Reliable battery? Not so fast.

In a test conducted Wednesday by Consumer Reports magazine, the niche-market $107,850 sports car conked out completely, after a short ride at 65 miles per hour on a Connecticut test track.

“Our Fisker Karma … is super sleek, high-tech — and now it’s broken,” Consumer Reports wrote on its website late Thursday.

“We have owned our car for just a few days; it has less than 200 miles on its odometer … We buy about 80 cars a year and this is the first time in memory that we have had a car that is undriveable before it has finished our check-in process.”

Why should we care about another dud electric car? Because we're paying for it:

In September 2009, Chu announced a $528.7 million loan guarantee for Fisker, specifically to develop its two plug-in hybrid cars. The Obama administration said at the time that $359 million of that loan would help reopen the Delaware factory.

The White House also announced in 2009 that Fisker “estimates it will build 75,000-100,000 of these highly efficient vehicles every year by 2014.”

Fisker has sold just over 400 of the Finland-built Karma cars to date.

The idiots in this administration think they can throw hundreds of millions of our tax dollars at unproven technology and magically make it work. They can't. And worse, they refuse to acknowledge that there is no significant electric car business to be had, especially a car that costs over $100,000 that turns into a paperweight in barely 200 miles.