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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
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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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