With All The Volts Counted, Taxpayers Lose Again

Investor's Business Daily ^ | February 15, 2012 | Staff

[dila813]

The perverse thing is, that this will cause GM to increase the price on the car because they don’t make money on them.

So the consumer isn’t going to get them cheaper, they won’t sell more, and GM will pocket all the money.

Real Smart!

[Seaplaner]

"We give consumers the incentive to buy these cars," White House economic chief Gene Sperling said at a budget briefing where he announced the 33% increase from the current $7,500 subsidy..."

This means, essentially, that you and I pay money NOT to own one of these gems.

(And, it's more than worth it, n'est ce pas?)

.

[NCLaw441]

You posted: “The Volt will run up to 40 miles on a charge”

This reporter got 25 miles per charge.
******

I guess 25 mpg is part of UP TO 40 mpg, as would be 10 mpg.

[TheBattman]

But just today, I read that GM has reported is biggest profit every - some $7.6 billion...

Of course - how much of that is taxpayer subsidies of the Volt (and who knows what else)...?

http://www.forbes.com/sites/michellekrebs/2012/02/16/little-celebration-for-record-gm-profit/

[TheBattman]

Increasing the subsidy for the Volt to $10K??? That is the direct-to-consumer subsidy. That isn’t including the subsidy for the manufacture of the car in the first place- aren’t those figures somewhere around $250,000 per car?