Electric cars are not rolling off production lines at the expected rate and sales have not been as strong as hoped.
The Obama administration's goal was for a million electric cars to be on the road by 2015 but Brett Smith, an expert at the Center for Automotive Research in Michigan, says that number is estimated to be closer to half a million.
The Securities and Exchange Commission would not comment on the subpoena.
Ecotality's stock was trading today at $1.08 down from $5.24 last May.
via www.cbsnews.com
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