Karma’s a B*tch

Steve Maley reported the other day on the Fisker Karma. You know $87K Electric car that’s made in Finland with $529 Million US taxpayers dollars in Green subsidies to companies that include one Albert Gore. We could note that this is about the same amount as Solyndra’s loan guaranties but, I’m sure you already knew that.

Well Steve has found that using a rational formula this silly thing gets worse mileage than a Ford Explorer, whodathunkit?

Here’s Steve:

Karma’s a Botch

Image from Wikipedia.

Last week, we heard about the Fisker Karma, the new electric vehicle being built in Finlandusing a $529 million loan from U.S. taxpayers. Beneficiaries of this deal include one Albert Gore, partner in the “green” venture capital firm Kleiner Perkins Caufield & Byers.

Now Forbes contributor Warren Meyer weighs in with an analysis of the Karma’s true energy efficiency, rate in miles-per-gallon equivalent according to a DOE formula:

Update: Fisker Karma Electric Car Gets Worse Mileage Than an SUV

The Fisker Karma electric car, developed mainly with your tax money so that a bunch of rich VC’s wouldn’t have to risk any real money, has rolled out with an nominal EPAMPGe of 52 in all electric mode (we will ignore the gasoline engine for this analysis).

Not bad? Unfortunately, it’s a sham. This figure is calculated using the grossly flawed EPA process that substantially underestimates the amount of fossil fuels required to power the electric car, as I showed in great depth in an earlier Forbes.com article. In short, the EPA methodology leaves out, among other things, the conversion efficiency in generating the electricity from fossil fuels in the first place [by assuming perfect conversion of the potential energy in the fuel to electricity, the EPA is actually breaking the 2nd law of thermodynamics].

In the Clinton administration, the Department of Energy (DOE) created a far superior well to wheels MPGe metric that honestly compares the typical fossil fuel use of an electric vs. gasoline car, using real-world power plant efficiencies and fuel mixes to figure out how much fuel is used to produce the electricity that goes into the electric car.

As I calculated in my earlier Forbes article, one needs to multiply the EPA MPGe by .365 to get a number that truly compares fossil fuel use of an electric car with a traditional gasoline engine car on an apples to apples basis. In the case of the Fisker Karma, we get a true MPGe of 19. This makes it worse than even the city rating of a Ford Explorer SUV.

[Emphasis added.]

Read the Rest.

Hard to believe isn’t it? The unicorns are optional too, I’m told.

Oh, and what word did you think I meant in the title?

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