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A $7,500 electric car discount scares dealers (Cash for Clunkers Part II)
CNN Money ^ | February 4, 2011 | Peter Valdes-Dapena

Posted on 02/05/2011 3:22:45 PM PST by Zakeet

In an effort to put 1 million electric cars on the road by 2015, the Obama administration has proposed a plan that would put up to $7,500 directly in the hands of car buyers without having them jump through any tax hoops.

Plug-in car advocates love the idea but dealers aren't so sure about it.

A tax credit for plug-in vehicles already exists but, as it stands now, car buyers have to wait until tax time to get any money back.

[Snip]

J.D. Power estimates that only about 20,000 EVs will be sold this year. If the rebate boosts that by 10%, which Omotoso calls a reasonable guess, it still adds up to a relative handful of vehicles.

(Excerpt) Read more at money.cnn.com ...


TOPICS: Business/Economy; Government; News/Current Events
KEYWORDS: electriccar; governmentmotors; subsidy; taxes

The government can't even give the dumb souped-up golf carts away

1 posted on 02/05/2011 3:22:50 PM PST by Zakeet
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To: Zakeet

If the “I luv da planet” crowd would hurry up and start buying this garbage, I believe there is a good chance we might see gas at 25 cents a gallon again. LOL! I’m keeping my SUV. And I promise not to run over any of those extension cords.


2 posted on 02/05/2011 3:27:31 PM PST by FlingWingFlyer (ObamaCare funds 16,000 new tax collectors but no new doctors. Now that's what I call "green" jobs.)
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To: Zakeet

That picture answers the question: What is that blue goo stuck in the tires of that tractor trailer?


3 posted on 02/05/2011 3:31:27 PM PST by Mister Da (The mark of a wise man is not what he knows, but what he knows he doesn't know!)
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To: Zakeet

The Obama administration is Lucy and the dealers are Charlie Brown. The $7,500 is the football. How frickin’ stupid is Charlie Brown?


4 posted on 02/05/2011 3:32:17 PM PST by Gen.Blather
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To: FlingWingFlyer

“If the “I luv da planet” crowd would hurry up and start buying this garbage, I believe there is a good chance we might see gas at 25 cents a gallon again”

Exactly right. Every 1 cent Algore can knock off a barrel of oil, by peddling unsafe lighting and transportation in the US, saves his Chinese masters billions.


5 posted on 02/05/2011 3:32:39 PM PST by Christian Engineer Mass (25ish Cambridge, MA grad student. Any potential conservative Christian FReepmail-FRiends out there?)
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To: Zakeet

Can I just take the $7,500 and then let the car get repo’d?


6 posted on 02/05/2011 3:33:11 PM PST by Neidermeyer
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To: FlingWingFlyer
the cars can't compete in the market because they don't make any sense from an energy, ecological or financial perspective. A dumb enough idea for the gov’t to throw taxpayers money at. Figures
7 posted on 02/05/2011 3:34:00 PM PST by paul51 (11 September 2001 - Never forget)
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To: Zakeet
I wouldn't worry. Something tells me that no one is going to buy these crap boxes anyway. They are going to be a Edsel like failure.

I laughed at your pic. I forgot about the Peel Trident. That was a tiny car.

8 posted on 02/05/2011 3:34:44 PM PST by Lazlo in PA (Now living in a newly minted Red State.)
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To: Zakeet

OtherPeoplesMoney 4 Electro-Clunnkers


9 posted on 02/05/2011 3:36:11 PM PST by GeronL (http://www.stink-eye.net/forum/index.php)
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To: Zakeet

The idea of such a large subsidy bugs the bejeebers out of me. Couple questions for anyone in the know:

1) What’s the business case for $7,500 of my tax dollars going towards my neighbor getting an electric car. What is exactly is the ROI / Payback period - or is this just to make libs feel all warm and fuzzy?

2) Since electricity rates vary across the country, where would this car make financial sense? Is it a very limited area? Do the weather conditions (such as snow) or terrain (mountains) mate to the cost/Kwh sweet spot (assuming one exists).

3) Can I get a all weather speakers installed so that I can play a recording of a 67 GTO with Tri-Power.


10 posted on 02/05/2011 3:36:43 PM PST by Made In The USA (This post may be recorded for quality purposes.)
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To: Lazlo in PA

baby magnets.... not babe magnets

You’d only pick up chicks at an elementary school with that

pervert watch!


11 posted on 02/05/2011 3:37:44 PM PST by GeronL (http://www.stink-eye.net/forum/index.php)
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To: FlingWingFlyer

And all those suckers living in Texas can experience the thrill of a no-charge brownout.

(Remember, the Obamaloon F-science students are in the EPA now...and they’re even dumber than before.)


12 posted on 02/05/2011 3:38:40 PM PST by Da Coyote
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To: Lazlo in PA

With 3 wheels , even though it’s fully enclosed , it is considered to be a motorcycle.


13 posted on 02/05/2011 3:39:27 PM PST by Neidermeyer
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To: Zakeet; All

14 posted on 02/05/2011 3:41:30 PM PST by musicman (Until I see the REAL Long Form Vault BC, he's just "PRES__ENT" Obama = Without "ID")
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To: Neidermeyer

“Can I just take the $7,500 and then let the car get repo’d?”

When I read your post, I believed you to be making a joke or being sarcastic. But I believe that what you are suggesting can be done. If a person already has a lousy credit rating and they can talk a dealer into financing them, then, yes, I think they could do as you suggest.


15 posted on 02/05/2011 3:55:43 PM PST by CFIIIMEIATP737
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To: Zakeet

Congress needs to kill or defund all this green money crap.


16 posted on 02/05/2011 3:55:47 PM PST by umgud
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To: Zakeet

17 posted on 02/05/2011 3:56:02 PM PST by traditional1 ("Don't gotsta worry 'bout no mo'gage, don't gotsta worry 'bout no gas; Obama gonna take care o' me!)
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To: FlingWingFlyer

“If the “I luv da planet” crowd would hurry up and start buying this garbage, I believe there is a good chance we might see gas at 25 cents a gallon again. LOL! I’m keeping my SUV. And I promise not to run over any of those extension cords.”

From your lips to God’s ears. We could have 93 octane available everywhere and 600hp muscle cars.


18 posted on 02/05/2011 3:57:32 PM PST by SVTCobra03 (You can never have enough friends, horsepower or ammunition.)
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To: Lazlo in PA
Reminds me of the Bond Bug


19 posted on 02/05/2011 4:02:10 PM PST by HangnJudge
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To: Zakeet

Wait until all those batteries in them battery operated cars get cold & don’t start up. What’s next: retrofitting heaters for garages or warming blankets for the car batteries?


20 posted on 02/05/2011 4:04:07 PM PST by vidbizz
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To: SVTCobra03

:) Yup! That’s what I’m talkin’ about!


21 posted on 02/05/2011 4:10:09 PM PST by FlingWingFlyer (ObamaCare funds 16,000 new tax collectors but no new doctors. Now that's what I call "green" jobs.)
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To: Zakeet
Well, Hell, why not just give them away for free!

It's for the children, after all.

22 posted on 02/05/2011 4:24:30 PM PST by E. Pluribus Unum ("If they bring a knife to the fight, we bring a gun." -- Barry Soetoro, June 11, 2008)
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To: Zakeet
In an effort to put 1 million electric cars on the road by 2015 sell the Volt, so GM won't be forced to cease production due to sluggish sales, the Obama administration has proposed a plan that would put up to $7,500 directly in the hands of car buyers without having them jump through any tax hoops.

There, fixed it.

23 posted on 02/05/2011 4:33:37 PM PST by hattend (Obama got his 3am call about Egypt. The call went right to the answering machine.- Sarah Palin)
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To: musicman

“A shoehorn and a s&^tload of Vaseline!!”


24 posted on 02/05/2011 4:40:27 PM PST by Fedupwithit ("The welfare of humanity is always the alibi of tyrants" -Albert Camus)
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To: Fedupwithit

25 posted on 02/05/2011 4:46:11 PM PST by musicman (Until I see the REAL Long Form Vault BC, he's just "PRES__ENT" Obama = Without "ID")
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To: Gen.Blather
.

.

26 posted on 02/05/2011 5:05:05 PM PST by Cobra64
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To: Zakeet
.

.

27 posted on 02/05/2011 5:06:24 PM PST by Cobra64
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To: Zakeet

I do not believe that electric cars are not energy savers in the long run. In a few years the batteries have to be replaced. Also as the battery ages then it will start to not hold a charge as well. The energy will go into charging it, but that energy will also be lost just as the car sits idle. It is kind of like having an open gas tank where the gas is just evaporating. Energy from a battery also “Evaporates”. As the battery gets older than this is much more serious.


28 posted on 02/05/2011 5:17:32 PM PST by Revel
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To: vidbizz
Wait until all those batteries in them battery operated cars get cold & don’t start up.

Brought to you by "the party of unintended consequences."

29 posted on 02/05/2011 5:35:54 PM PST by Cobra64
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To: Revel
Wait until electric car owners have to pay a huge battery disposal fee for those 600 pound batteries.

I'm still waiting for the electric current supply and infrastructure dam to break.

California was having brown-outs before these silly things came along.

30 posted on 02/05/2011 5:41:35 PM PST by Cobra64
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To: Cobra64

Don’t forget that huge resale value after five years have been placed upon that $8,000 battery bank. Phhhttt!


31 posted on 02/05/2011 5:47:06 PM PST by eyedigress ((Old storm chaser from the west)?)
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To: eyedigress

Don’t worry. Emperor nobama will order you to buy one of these SEC’s (Sh**y Electric Car) and you WILL obey!


32 posted on 02/05/2011 6:33:00 PM PST by hal ogen (1st amendment or reeducation camp?)
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To: paul51

Exactly right. In addition, the electricity grid is nowhere near optimized to charge up all these EVs; the use-cases are horrendous (short range, take forever to charge); range in very cold or very hot weather is seriously degraded if you want to heat or cool the cabin; and the rare earths you need for batteries and motors come from China.

The liquid hydrocarbon fuel system is hard to beat. It is highly optimized, high energy storage density, fast refueling, reasonably efficient, long range, very low emissions, high performance, and cheap to make.

I’ve never understood the liberal urge to dump what works in favor of the silly new things that are unproven, high cost, and of questionable environmental benefit. That goes for ethanol, wind, and solar as well.


33 posted on 02/05/2011 6:35:02 PM PST by ProtectOurFreedom
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To: hal ogen

Emperor Obama is going down in flames. The MSM is his prop. They are going with him.


34 posted on 02/05/2011 6:45:42 PM PST by eyedigress ((Old storm chaser from the west)?)
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To: hal ogen

One other note, I magically get Newsweak. I have not subscribed to a magazine in 20 years. Desperation as far as I’m concerned.


35 posted on 02/05/2011 6:49:30 PM PST by eyedigress ((Old storm chaser from the west)?)
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To: CFIIIMEIATP737; Neidermeyer

The answer is, yes.


36 posted on 02/05/2011 6:49:50 PM PST by moehoward
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To: eyedigress
Maybe your finger twitched while websurfing a while ago and you accidentally bought the magazine.

Not a subscription to the magazine, the magazine.

37 posted on 02/05/2011 8:58:43 PM PST by Erasmus (Personal goal: Have a bigger carbon footprint than Tony Robbins.)
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To: Erasmus

Whatever it is my money didn’t do it.


38 posted on 02/05/2011 9:01:45 PM PST by eyedigress ((Old storm chaser from the west)?)
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To: Erasmus

I buy things that go in magazines, but I have no need for new magazines.


39 posted on 02/05/2011 9:26:27 PM PST by eyedigress ((Old storm chaser from the west)?)
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To: Cobra64



This is more likely...
40 posted on 02/06/2011 6:57:52 AM PST by Paine in the Neck (Napolean fries the idea powder.)
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