For Obama's cronies and wealthy consumers, there are definite electric car advantages - for the average taxpayer, the Volt's arithmetic is truly reeeevolting
(click to enlarge image - source here)
Read here. The rash of Volt fires during early 2012 put the kibosh on sales of the electric 4-wheel barbeques, but during March 2012 they became red-hot (ooops) again. March sales figures were...ahem...'on fire' as each Chevy dealer sold at least three-quarters of a Volt each for the entire month...hot damn!
That March sales figure represents a huuuge 277% increase over the previous month sales figure! That translates to Volt sales taking a giant leap of...well...er...from 0.27 Volts per dealer to that red-hot figure of 0.76 volts per dealer. Woooweee....now we're cookin with gas batteries!
This 'Government Motors' (Uncle Sam owns 26% of GM) electric vehicle sales fiasco has been a overdone turkey for the taxpayer since Day 1. But for the wealthy who purchase this rolling $40,000+ Weber grill, they get subsidized by all the rest of us to the tune of $7,500, which Obama now wants increased to $10,000, per wealthy consumer. OMG, thank you Obamamama.
Now that is some really ugly Volt arithmetic for the average person to swallow, but wait.....it gets worse:
"The analysis includes adding up the amount of government subsidies via tax credits and direct funding for not only General Motors, but other companies supplying parts for the vehicle. For example, the Department of Energy awarded a $105.9 million grant to the GM Brownstown plant that assembles the batteries. The company was also awarded approximately $106 million for its Hamtramck assembly plant in state credits to retain jobs. The company that supplies the Volt’s batteries, Compact Power, was awarded up to $100 million in refundable battery credits (combination tax breaks and cash subsidies). These are among many of the subsidies and tax credits for the vehicle...GM has estimated they’ve sold 6,000 Volts so far. That would mean each of the 6,000 Volts sold would be subsidized between $50,000 and $250,000, depending on how many government subsidy milestones are realized."
Conclusion: The electric car advantages are real for Obama's cronies and really, really ugly for taxpayers. We are paying Government Motors between $50,000-$250,000 per Volt that GM sells for $41,000.00. Damn that car is hot!
FAQ #1: Can I get the Fisker battery charger with the Volt?
Answer: Obama's Secret Service detail is now taking purchase orders for the enhanced, taxpayer subsidized, blonde versatile charger. Call +1 666-666-6666. Satisfaction guarnateed. No refunds. (just kidding - fake phone number, folks)
Previous electric-vehicle-hybrid postings.
