GM stalls Chevy Volt production
With few benefits and many faults, the new hybrid electric vehicle hits a sales wall.
For one thing, the four-door sedan is insanely expensive. With a sticker price of about $41,000, it is pricier than much nicer cars made by Audi, BMW and even GM's sister brand Cadillac.
"Currently, 48 of 50 states have fewer than 10 charging stations, and even California's relative abundance of 422 pales in comparison to its roughly 10,400 gas stations," according to Car and Driver. "In other words, it's going to be some time before charging while at work or out on the town becomes the norm; for now, EVs' batteries will be replenished largely at home."
As previously noted here on Top Stocks, Consumer Reports had harsh words for the Volt, saying it would be a "tough sell" to average consumers -- even though Volt owners are eligible for a $7,500 tax break. Reports of Volts catching fire scared away consumers, too. Some bought the Toyota Prius, and others acquired more conventional vehicles like the Chevy Cruise, which gets better mileage than the Volt for about half the price.
The world's largest automaker is not ready to throw in the towel on the Volt yet. According to the The Wall Street Journal, GM plans a new marketing campaign and will lower the monthly lease payment to $350 from $399. Again, this raises a question of value. Drivers can lease a Mercedes Benz C-Class Sedan, Cadillac CTS Coupe or BMW 128i for similar rates.
The Volt is a niche product that will appeal to consumers who want to show the world they are concerned about the environment and wealthy enough not to be concerned about the vehicle's economic impracticality. But that is a tiny universe. Perhaps future generations will look at the Volt as a watershed development in the auto industry that hastened the demise of the gasoline-powered engine. That day, though, won't be arriving for a while.
But Barrack Obama will continue to demonize fossil fuel. I have a question about electric cars. Lets say 50% of the autos were electric. Does anyone believe that our current power GRID could handle the increased demand for electric power?
We can't even get new power plants built to handle the normal increase in business and consumer demand currently required due to EPA standards. We will start having BROWN OUTS soon due to our stupidity and our GOVERNMENT demanding WINDMILLS AND SOLAR PANELS.
Since our President is so positive about SOLAR ENERGY, I purpose we take the TURBINE ENGINES OFF AIR FORCE 1 and replace them with SOLAR PANELS and WINDMILLS. Will BARRACK OBAMA step up to the plate and fly in this SOLAR PLANE?
Even with tax incentives SOLAR and WIND do not work. If you had WINDMILLS providing all of your power, would you be happy when the wind speed was not high enough for the WINDMILL to provide you power when you turned your 50 inch Flat Screen TV on to watch MARCH MADNESS.
I call this situation ObAMA MADNESS!!!
Right now, the USA needs a solution to the personal transportation needs for the MANY,to reduce our use of oil...TODAY....and that alternative is the small DIESEL!
Not battery cars,or the Volt. Maybe some time down the road,but NOT today.
Yes..right now,people in Europe are enjoying their 75mpg diesel powered cars! Every day.
In the future,biodiesel can power those exact same cars!! Google it. A renewable fuel!!
Battery cars will always be nothing more than a conversation piece for those who daydream..not viable. Batteries just can't do as much as cars need.
However,for those who want a dependable,long range 75 mpg vehicle, TODAY...one has to look no further than the clean,modern diesel! The EPA doen't want them..because...?? (..they are bought and paid for puppets of politicians)
The Volt is/was a silly scam..to sell a gasoline powered vehicle as an electric car..oops..I guess people aren't as STUPID as GM had hoped.
Too bad the USA govt is so blind to the perfect solution for todays needs: small DIESELS!!
GM made the same mistake with the Volt that they made with the Diesel 20+ years ago. They took a gasoline engine, modified ti to diesel, and it was a tremendous FLOP.
Not to be outdone, by a new bunch of brilliant MBA's, they have made the Volt, a gasoline car modified to electirc. It only goes 25-30 miles on a 12 hour charge. That is a FLOP.
What's worse, the President has hitched his wagon to the Volt, Solar energy and other FLOPS that are an embarrassment to the US Government and a complete waste of tax dollars.
If is worth doing, and can be done profitibly, the private sector will do it. When government gets involved it is almost always becasue there is no future in the idea. Politicians have no busienss experience, and therefore, only know how to waste money.
It's my fervent hope he's as wrong about the former as he was about the latter.
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