That’s right, the taxpayer funded Chevy Volt hit their first year sales projections. They’ve sold 60,000 Volts, at a direct cost to the taxpayers of $450 million in rebates. Hey, buy a Volt, get a $7,500 tax rebate.
That doesn’t count the hundreds of millions the Obama administration dumped into GM’s suppliers for batteries.
Well, let’s at least enjoy a moment of celebration at the sale of the 60,000th Volt.
Aug. 22 (Bloomberg) — General Motors Corp. may build as many as 60,000 of its Volt electric cars for their inaugural year on the market…
Production at that level may allow GM to sell the plug-in Volt for less than $30,000, said the people, who didn’t want to be identified because the plans are confidential. The discussions show the Detroit automaker, racked by losses and U.S. sales declines, believes an affordable electric car will help spur a revival, the people said. Toyota’s Prius can be bought for $22,175.
“If they were able to get 30,000 to 60,000 on the road in a year, it would be a huge leap in technology,” said Brett Smith, an alternative-fuel analyst at the Center for Automotive Research in Ann Arbor, Michigan. “It will be difficult, though, because there are so many barriers to making this happen.”
A high-volume debut for the Volt, designed to go 40 miles without recharging, would lend credence to [the] GM Chief Executive Officer’s strategy of using technological advances to gain ground on Toyota.
Congratulations to General Motors.
Of course, there is the slight problem that it took General Motors three years to hit their first year target. And, we rounded up to get there because they’ve really only sold 58,000 of their taxpayer subsidized cars. In the first three months of this year, sales were down 15%.
Here’s a clip put out by Richard Lowenthal, the CEO of a company that makes electric charging stations.
That was 2010 and both he and Obama were selling snake oil.
Since then, we don’t hear so much from the administration, surprisingly, Mr. Lowenthal’s company is apparently still in business but we can’t say for how long. The Curmudgeon’s are not buying their stock
Electric cars, like ObamaCare, are the picture of top down execution by the federal government. Huge investments, and we use that word loosely, of taxpayer money in companies that produce politically favored products like coal powered cars (coal fired plants produce electricity) and car batteries that are, at best, ahead of their time. Those companies fail at an alarming rate as we’ve seen over five years of ObamaInvestments.
Every time you hear a Democrat talking about “government investment” remember the Volt. We’re still dumping taxpayer money into them and they’re still not selling worth a damn. And Government Motors is launching the Cadillac version of the Volt.
They should have named it the Dolt.