The Value of a Volt
How much is a new Chevy Volt electric car worth?The sticker price is $41,000. However, with federal subsidies, you could pay as little as $33,500. Additional subsidies provided by the state of California could knock it down even lower, for residents of the Golden State. So what’s the price?
$41,000, of course. The subsidies just mean you don’t pay all of it. The utterly bankrupt federal government takes money from other taxpayers, and uses it to discount your purchase. Since California is teetering on the edge of total collapse, and may well require federal bailouts in the near future, taxpayers across the country could end up paying additional sums to support Volt purchases that happen to occur within the state of California. These transfer payments are mixed into the thickening concrete surrounding the American economy, making it just a few inches deeper.
But wait, there’s more. Almost four hundred million dollars in federal subsidies were pumped directly into the design and production of the Volt. The initial production run consists of just ten thousand units, with 45,000 more planned for 2012 if sales are good. This would add just over $7200 more in taxpayer subsidies to each Volt produced over the next two years. Since 2012 production will be scaled back if early sales are disappointing, it might be more logical to add the subsidies to the first 10,000 units only, which would leave early adopters outside of California paying $33,500 for a car which actually costs $81,000 per unit, with taxpayers picking up the remainder. It’s actually even worse than that, because GM expects to lose money on every Volt sale. Those losses will be spread among other GM products, or perhaps wiped out with further taxpayer subsidies.
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Hey, I've got an idea. Let's have the Volt manufactured in India to get the per unit cost way down, making it affordable for everyone. Oh, but wait a second... how will we earn money to actually buy it at any cost if the jobs are all overseas???? Ahhh, an answer... the government can print money and give some to each citizen. Brilliant!!!
ReplyDeleteGreat idea, 10:34! You should run for president.
ReplyDeleteLet's jus cut to the chase and go back to horses. Where's the green industry breeding'em?
ReplyDeleteBatteries are more expensive and use more fossil fuels than gas-powered engines. But on the plus side it's a real vote getter for the ruling class.
Even if I could afford (and actually wanted)one of these cars, there's no way in hell I'd buy it. Look up the history of the Volt's battery development problems. GM called them "thermal events" (aka FIRES!)
ReplyDeleteAnd if Toyota had anything to do with the development of the Volt, good luck to all who buy one.
Hmmm...maybe the launch of the Volt will be the final nail in the Gov't Motors coffin...
Starve this beast, dont buy american, it is all crap, bad cars, poisoned food and water, coca cola filled with high fructose corn syrup that has mercury in it. It slowly kills you, drink mexican coke with natural sugar and has no hfcs, buy foreign as much as possible.
ReplyDeleteI do not see how many can afford these cars? With the bleak job markets, the depression worsening, who will buy these cars?
ReplyDeleteWe are in an economic death spiral.
ReplyDelete3:43,
ReplyDeleteYou are ahead of schedule mentally, the majority of people are about 20 years behind. Advertisements and economic ideas today are likewise behind. As things get worse the television commercials and much of the people on the internet will continue talking about things that have a 10 year old concept.
In other words stuff that was originated 20, 10, 5 years back will still be displayed as if nothing's changed even though we are like 5:11 put, "in an economic death spiral." Stuff that is even as new as six months ago will be made obsolete without any thought needed.
The best thing people like us can do is:
1) Get ready mentally and physically - workout, lose bad habits, cut addictions back.
2) Store up if possible, find a good location away from crowded cities, get with family or companions.
and
3) Stay away from the televion, magazines like Newsweek, or even much of the internet. Like I said this will just make things incredibly confusing for those who are in the know.
This is a beautiful example of The combining of corporate and state.
ReplyDeleteIt is called Fascism - and Benito Mussolini "perfected" it in 1930's
Once again history should guide us - exactly how did that work Benito?
We are on a runaway freight train and the station we're stopping at is Fascism.
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