Yep, they make money on Corvettes and pickups but lose on every Volt sold.
These numbers on EVs should tell them that they’re a money losing proposition.
Yes, it's obvious that the beancounters no longer have any say. Government has overruled them.
Looks like they will need to buy California ZEV offset credits from Tesla. Evidently Volts don't earn them much in the way of credits since they also have gas powered engines..
“Yep, they make money on Corvettes and pickups but lose on every Volt sold.”
It’s not that simple. Basically, the Corvette, the Mustang, the Camaro SS/Z-28 or any car/truck with a big, thirsty (according to the government CAFE rules) engine subsidizes the Volts and other electric cars. If it wasn’t for the taint of government, I’d actually look at a 30,000$ Volt. As the CAFE goes up, expect “Muscle” cars to get even MORE expensive, a lot more expensive.
This is basically why Mercedes bought Smart, IMO.