At that price it's really an R&D project designed to push forward the technology, one of thousands of R&D programs the government funds, so I think it's a good idea. For those who do not like government funding R&D projects, one great way to object would be to boycott products that have benefited from these programs. Medicine, the internet, natural gas, etc.
I'll be in line for an electric boat when they drop below 6 figures with decent range. Five or ten years? Silent, instant torque and the ability to fuel up at home will be awesome.
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