I am going to take a wild guess and figure that it would take a few years to account for the cost of the vehicle in gas savings.
Then there’s the question of how much profit is made for each Volt sold. I am confident that electric/hybrid vehicles are going to continue getting better, but when you consider the financial status of GM, and a lot of details about the Volt, I have a hard time buying into how great it is.
Just to clear up some nnonsense that goes around here at FR, the Volt was championed two years before Obama was elected and championed by Bob Lutz a true “car guy” and well known opponent of the “global warming” libs. Not everything GM soes is evil guys.
Voltswagen ping.
“... The defense of GM because they are a patriotic company producing the American-made Volt ...”
A patriotic company does not produce ill-engineered opsolete cr*p for years as did GM.
A patriotic company does not continue to screw their customers for years with engineers and management dorks who demenstrated equal to Obama stupidity as did GM.
Shove it up your smelly Obama, GM.
Then take it out and shove it up again.
And again.
Obama’s Doltswagon?
Let’s force those proponents to drive those cars for at least three months or more. Then they’ll understand!
I don’t have a long commute between home and work (@21 miles/day round trip) and only use about 10 gallons of gas per week. I was considering a $40k Mercury Mariner hybrid in 2009 - when gas was at $4.00/gallon (yep, it’s deja vu all over again) But a quick spreadsheet showed it would take a couple of decades to payoff the car on gas savings alone. Pretty weak argument when asking a buyer to take on $450-500/month payment for 6 years. Then the cost of gas went down and the pay off period got even longer. I kept my van and just decided to pay the additional cost when it came.
I think you can make reasonable environmental (air pollution reduction) and national security (eliminate dependence on hostile/unreliable foreign oil sources)arguments for shifting to the all electric and gas-electric hybrid. But you can’t make an economic argument for adoption - even when you run the theoretical fuel economy up to 100 mpg.
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The Chevy VOLT goes for $41,000 - and up
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What will it be worth in six months? - or in one year?
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A mint or a restored 50’s-60s Corvette or Baby Bird (’55-’57) and often be bought at Barrett-Jackson Auctions (even bidding online) for $30,000 to $45,000 - and they go up yearly in resale value - even updated “Resto-Mods” under the mint bodies
An recent Aston-Martin Vantage convertible or Mercedes-Benz ragtop or coupe can be bought for under $35,000
What fool would buy a silly hybrid VOLT - even Ricemobile hybrids are selling pretty well - as GM (paying no taxes!) needs a $10,000 Obamastash rebate to even move a few VOLTS - to GE or idiots that want to appear hip and environmentally correct
- What did a ‘57 T-Bird go for recently in Palm Beach at Barrtt-Jackson?
Over $130,000
Not to shabby
Haggerty Classic Car insurance saves you 40% on a garaged car - another classic car insurer covers your car for under $500 a year for full value on cars driven only a few days a week
(Sorry - I forget the name on the company - they advertise on the SPEED Channel)
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So the NYT basically finally figured out the Volt is a 20k car with 20k 450lb I gallon fuel tank?
jazusamo: GE has not begun purchasing Volts in any significant numbers yet. In March, with 2289 Volt sales, only 160 of those 2289 were to fleet customers. Just sayin...
In four years from now Obama will have set up America to the point gas is $40 a gallon, yes forty dollars per gallon, thus ensuring his “Voltswagen” will be a success.
Typical socialist stategy, make some useless useful by making something practical too expensive to own.