Despite lackluster sales of fully electric and extended range electric cars, President Obama is doubling down on his support for developing more energy efficient vehicles.
The President's proposed budget for 2014 calls for $575 Million for the Energy Departments vehicle research budget. If approved that would represent a 75 percent increase. The proposal comes as Fisker Automotive, an electric car company that still owes $193 million to the Energy Department, is teetering on the edge of bankruptcy. Fisker's financial and political problems have become symbolic of how the Obama administration has struggled to jump-start the use of electric vehicles in America.
(Read More: Fisker Fires Most of Its Rank-and-File Employees)