MyCar: The $18,000 Golf Cart

I’m keeping a watch on this one since it is happening about 50 miles north of my home town (there is a massive new Toyota plant 15 miles in the other direction in Blue Springs, Mississippi).

An electric car maker plans another coming-out party Friday in north Mississippi.

GreenTech Automotive says it will unveil its MyCar electric vehicle line in Horn Lake, just south of Memphis, Tenn. Some auto industry analysts have questioned whether the company will succeed.

MyCar is a two-seater neighborhood electric vehicle, between a golf cart and conventional car, with a 115-mile range. The company has said it plans to sell a “sizeable percentage” of production to Denmark over several years. In the United States, such vehicles are allowed only on streets with speed limits of 35 mph and below. The vehicles are supposed recharge from household electric outlet and sell for about $10,000.

Who is involved? Democratic operatives and their close friends and Obama campaign contributors, the ChiComs:

Former Democratic National Committee Chairman Terry McAuliffe is chairman of GreenTech, based in McLean, Va. The CEO is Chinese businessman Charles X. Wang.

Will it be another “greenfail” with the only people making out on the deal the Democrat tied insiders?

Automotive industry insiders think so, stating that this model has been tried several times before and failed. They are confident that McAuliffe’s venture is dead on arrival:

I’ve only been blogging about the car industry for about three and a half years, but I’ve seen this movie way too many times before. If you’ve missed out on the ZAP saga, to cite the most infamous example of the “NEV today, domination tomorrow” scam, read this, this, this and this for a primer on how this game works. It’s not pretty, and I hoped it was left behind in 2008, when it still fooled a few people. Today there’s no excuse for anyone to be taken in by such an unimaginative, played-out scam.

Notice that the print article in the North Mississippi Daily Journal states that the top model will cost $18,000 and get a massive 95 miles on a charge…

13 thoughts on “MyCar: The $18,000 Golf Cart

  1. Don’t worry, you will NOT be forced to buy one. You can keep your old, gas-guzzling, polluting, environment-destroying SUV.

    That will be a $5,000 fin— er, tax, please. 🙂

    [EXTRA, EXTRA: in further news today, the cost of electricity has ‘necessarily skyrocketed.’ The average cost to recharge your $18,000 golf cart is now $27. That’s only $0.28/mile: a mere $0.10/mile increase over the cost of gasoline for a 16 mpg Tahoe! See, the green economy has delivered already – just like Uncle Barack promised it would.]

  2. If Terry didn’t have a ‘D’ in front of his name, you would be singing this guy’s praises. He started his first business at the age of 14, and is a self-made millionaire.
    During the 1980 Carter run for a second term, McAuliffe wrestled an alligator for a $15,000 donation.

    If anybody can make an unworkable business model succeed, it is going to be a guy who’s willing to wrestle large predators. And Mississippi’s got ’em.

    • Yeah, well if TMac is all that and a bag of chips, he already has an exit strategy and lately that strategy has been to exit these kinds of ventures with a stack of taxpayer money.

    • “If Terry didn’t have a ‘D’ in front of his name, you would be singing this guy’s praises. He started his first business at the age of 14, and is a self-made millionaire.”

      Quite an assumption there, Greg. Have any evidence to back that one up, or is this just simply more of your rhetoric?

  3. I know almost nothing about this car or company, but I find it interesting that Domino’s has been identified as a buyer. That’s one of the companies typically least identified with liberal/Democratic causes–unless it has changed considerably with the departure of co-founder Tom Monaghan.

  4. TMac states his company “has accepted no loans or grants from the federal government”. I read the links provided in Utah’s post and TMac seems quite content to bilk citizen investors.

    • Now cracker …. you know that in their minds, none of the money you have is actually yours. Your just a place to ‘hold on to it … till we steal it from you”.

      • Yeah. This scheme seems more like “find the ball under the cup” or three-card monte. You bet (invest) your money and the TMac hides from you in his bank account while you try to find where it went.

          • You’re welcome. 🙂 Just the way it hit me. He finds investors by telling them what a great chance they have of getting rich (just like the street shyster) by investing in this wonderous technology. The investor plunks down $150 grand or so. The ball (return on investment) constantly moves quicker than the eye can follow. Under cup number #1 there is a promise of vehicles to come (but no vehicle). Under cup #2 there is the excuse of production problems (but no vehicles). The unfullfilled promises just keep moving on the table, while the return on investment ball can never be found. TMac is simply a hustler and apparently has gotten rich being one.

  5. Pingback: When It Comes To Electric Vehicles They’re Becoming An Even Better Alternative As Technology Increases |

  6. Pingback: Surprise, Surprise – Mississippi Electric Car Company Just Another Democrat Scam | The Rio Norte Line

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