Wiseacre
Retired USAF Chief
From blog.american.com. I hear these cars don't do very well in the cold winer months.
Now thats an expensive car
By Kenneth P. Green
December 21, 2011, 3:38 pm Ive written before about the insanity that is the GM Volt, but even I am surprised at what the good people at the Mackinac Center found out when they totalled up all the various subsidies that the federal government has thrown into producing the Volt (not including the publics 26 percent stake in the company). Hold on to your hats:
Each Chevy Volt sold thus far may have as much as $250,000 in state and federal dollars in incentives behind it a total of $3 billion altogether, according to an analysis by James Hohman, assistant director of fiscal policy at the Mackinac Center for Public Policy.
When you throw in subsidies to the battery manufacturers, the subsidy goes up to $256,824 for each of the roughly 6,000 Volts that have been sold.
Adding insult to injury, those subsidies are mostly going to the fairly well-off: According to GM CEO Dan Akerson, the average Volt owner makes $170,000 per year.
And I thought that the EV1 was outrageous. Obviously, rent-seekers have become more efficient over time, even if their technology hasnt.
Now thats an expensive car
By Kenneth P. Green
December 21, 2011, 3:38 pm Ive written before about the insanity that is the GM Volt, but even I am surprised at what the good people at the Mackinac Center found out when they totalled up all the various subsidies that the federal government has thrown into producing the Volt (not including the publics 26 percent stake in the company). Hold on to your hats:
Each Chevy Volt sold thus far may have as much as $250,000 in state and federal dollars in incentives behind it a total of $3 billion altogether, according to an analysis by James Hohman, assistant director of fiscal policy at the Mackinac Center for Public Policy.
When you throw in subsidies to the battery manufacturers, the subsidy goes up to $256,824 for each of the roughly 6,000 Volts that have been sold.
Adding insult to injury, those subsidies are mostly going to the fairly well-off: According to GM CEO Dan Akerson, the average Volt owner makes $170,000 per year.
And I thought that the EV1 was outrageous. Obviously, rent-seekers have become more efficient over time, even if their technology hasnt.