Posted on 11/30/2016 5:12:34 PM PST by Hojczyk
Edited on 11/30/2016 6:06:09 PM PST by Admin Moderator. [history]
General Motors (GM) stands to lose $9,000 on every Chevy Bolt it sells, according to a Bloomberg report that cites a person familiar with the matter.
The anticipated per-sale loss of roughly $8,000 to $9,000 is an estimate based on a sticker price of $37,500, the report said, and it sheds light on the actual profitability of electric cars in the U.S., which have been billed by some as the future of the automotive industry.
(Excerpt) Read more at finance.yahoo.com ...
When I was a kid a pickup was cheap transportation
The pickups today put the BMWS to shame
“You’d have to be a nut to buy a Bolt.”
LOL! You win The Internets, today! :)
I have a buddy from the gym who has a VOLT and he won’t shut-up about it.
His driving is VERY town-centric so he has made a claim he can fill it up (a hybrid) and since he’s always on electricity it’s likely that at the end of 3 months the gasoline tank is at least HALF full.
And the cost for the electricity he charges it with overnight makes 1 mile traveled cost him something like $0.05, or something.
That, is called a golf cart. :)
You can buy a golf cart for that. I see lots of idiots driving them around town.
Check in with him when he needs a new battery for that thing down the road......
1600 Pennsylvania Avenue. At least until January 20, 2016
Reminds me of Mad Man Muntz.
This is pretty much how the Prius got started in this country. Toyota took a steep loss on the first year of the Prius and also gave a fantastic five-year everything warranty (this included tires). Look how well Priuses are doing now.
I would never buy a Chevy after the bailout that ripped off the bond holders.
another obama failure; he gave this car his blessing.
uaw are scum
Agree 100%.
EVERYTHING will ride on that and I have very deep doubts.
If only that were true.
2017
(I know - I make typos too)
;)
Does it come with a cutter deck as an option?
The auto industry has no choice but to lose money on these idiot products.
The givernment mandates a certain mpg across each brands fleet.
The thing is, consumers don’t to lose power, to gain fuel efficiency.
What to do? In the case of Ford, they found innovative ways to reduce weight on passenger vehicles using highly resilient plastics.
To maintain power, while reducing fuel consumption they have installed “Twin Scroll Turbo’s” on a large portion of their fleet.
They have the widest inexpensive of hybrid, hybrid plug-ins and fully electric vehicles of any manufacturer. The advantage is better fuel efficiency because less fuel used, according to how the givernment measures fuel efficiency.
You give up trunk space and a few other things but, in California, where every highway is a traffic jam , the Ford Cmax and Fusion Energi autos are eligible for an HOV sticker.
Guess what actually happens to the plug in part of, which is suppose to be a benefit? After 3 weeks of ownership, 86% of Energi owners chuck the cord, because what they really wanted was the benefit of the HOV sticker, without the price tag of more expensive vehicles such as BMW, Tesla, etc.
And the F150, which is the number one selling vehicle in the world for the 40th year in a row, has just had a 700 pound weight reduction to save fuel, by using military grade aluminum, which is corrosive rust free and more resistant to dents than standard sheet metal.
They have also installed twin Turbo’s on the F15O line, as it was the F15O which was really making it difficult to reach the CAFE standard set by the current administration.
Back to hybrids and electric vehicles. They are taxpayer boondoggle and outright welfare for people who can clearly afford a new car.
In California a new Ford Cmax/Fusion Energi owner can receive $7,500-9,000 in rebates on their taxes with fed and state incentives.
And they get to use the HOV lane. Believe me, they rarely have more than just the driver in the car, so this subsidy makes no sense, as it is patently and wholly unfair to the rest of us who paid around $.60 cent per gallon in taxes for gas , which funds these same roads and lanes being used by the welfare Queens of daily commuters.
But wait!!! Their’s more!!!
In addition to the wonderful direct bene’s the tarts in givernment blithely hand out, these cars are heavily subsidized on the manufacturing side.
That right, each car is built was estimated, at one time, to receive as much as $15,000 toward manufacturing these luxury vehicles.
Again, that’s right, luxury. Most of these vehicles comes with plush leather and advanced features as basic trim levels, to further incentives you into buying one.
Still, at a cost to the rest of us and exclusive rights of use for those owners. Consider, besides getting to drive in the fast lane, they also receive preferred parking almost everywhere. Yeo, Mr/Ms Gaia, park right up front
Oh, and the electric charging station they get to use almost everywhere? Tax payer subsidized.
These cars wouldn’t exist without the heavy tax incentives and bene’s.
Welfare queens.
Yep. Glorified golf carts.
Be bold like Barack. Go Bolt!
I want to be patriotic and buy products from the US, but US cars are almost always inferior to the Japs and Germany and relatively the same price. Then you throw in the Uaw, and it is depressing.
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