2012-09-14

The Volt Gamble Not Paying Off

Volt, buh-bye.

Truth is, we're just not at the advanced stage of technologically building an electric car that consumers want. It's something the administration clearly doesn't understand: Market forces. Not saying it won't come or is a bad idea, but the fact it costs more to build than it sells for tells you a lot.

I know a few people who own an electric car. They seem happy with it.

One can conclude it's a long-term project that will prove beneficial one day, another can say the gamble is not worth the investment. Let natural market forces bring us there.

WaPo says:

"...No matter how you slice it, the American taxpayer has gotten precious little for the administration’s investment in battery-powered vehicles, in terms of permanent jobs or lower carbon dioxide emissions. There is no market, or not much of one, for vehicles that are less convenient and cost thousands of dollars more than similar-sized gas-powered alternatives — but do not save enough fuel to compensate. The basic theory of the Obama push for electric vehicles — if you build them, customers will come — was a myth. And an expensive one, at that..."

Say it again, and with feeling, GM is Alive and Bin Laden is Dead!

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