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 ...
My brother and his wife are on their second Volt and are town-centric like your example. For them, it fits. I’m 75 now and still drive sports cars; a British Racing Green Mazda Miata. I get 40 MPG on the highway.
$9,000 is still no reason to consider this shitbox.
They can sell out to Chrysler. /s
The Volt is based on the Cruze chassis. The equilibrium point where the cost is overridden by the efficiency of fuel is somewhere around 300,000 miles. For a town car, a 1980 Chevy Caprice is a better overall value.
I am waiting for the 740hp 2018 Ford Shelby GT500.
Tell GM that you’ll buy a Bolt unless they give you $3000
The answer is quite simple: The federal government is REQUIRING that the corporate average fuel economy becomes 52 miles per gallon in the next several years. That's the AVERAGE fuel economy of all the cars and trucks they sell. The only possible way for a company that makes a full range of vehicles to meet that number is to sell the so-called "zero emission vehicles" at a low enough price that someone might actually buy one.
Actually, they’ll lose money BECAUSE of the low volume. When you only intend to sell 20,000 of a model per year, you never make back the R&D and tooling costs. They are NOT going to lose any money on the actual components costs and labor of building the Bolt. If there was a market for 200,000 Bolts per year they would make money because the R&D and tooling costs would be spread over 10x as many vehicles.
The Bolt costs about 4 cents per mile to drive in electricity costs. At $2.75/gal gasoline in CA, a similar size 40mpg car costs 7 cents per mile — plus oil changes that EVs don’t need. If CA did not have such expensive electricity, the cost differential would be even higher. The manufacturers need to hype the lower operating cost instead of the “green” rationale. In NV, it would cost less than 3 cents per mile to drive a Bolt.
I have a beater Saturn that gets 32mpg so @ $2 gallon it costs me $0.06 / mile. I guess I can just save my $40K for something else :)
LOL! Priceless!
Disclaimer: Opinions posted on Free Republic are those of the individual posters and do not necessarily represent the opinion of Free Republic or its management. All materials posted herein are protected by copyright law and the exemption for fair use of copyrighted works.