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Detailed text transcripts for TV channel - FOXNEWS - 20111024:12:53:00

brian: department of energy is standing by their decision to give $529 billion to fisker automotive to produce electric cars. steve: our next guest says their new car, the karma, could be the worst electric car ever made. warren meyer is a business owner and writer at forbes.com and joins us live. good morning to you. good morning. steve: okay. so we saw that the epa put out a figure that the fisker cars are averaging 52 millions per gallon. but you say that is way off. yeah. obviously miles per gallon is kind of a funny stat for electric cars because they don t have gas and tanks. they have electricity and batteries. but if you go all the way back to the power plant, something has to make that electricity and that s usually a fossil fuel like oil or coal or gas. and so the epa nominally came up with a process that sort of says how much fuel that the power plant does it take to create the electricity that charges the car? it turns out that that the

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