Chevy Volt Costing Taxpayers Up to $250K Per Vehicle (old, but little known!)

mackinac.org ^ | Dec. 21, 2011 | Tom Gantert

[Ron C.]

(Editor’s note: This article has been updated with a reaction from a General Motor's official.)

Each Chevy Volt sold thus far may have as much as $250,000 in state and federal dollars in incentives behind it – a total of $3 billion altogether, according to an analysis by James Hohman, assistant director of fiscal policy at the Mackinac Center for Public Policy.

Hohman looked at total state and federal assistance offered for the development and production of the Chevy Volt, General Motors’ plug-in hybrid electric vehicle. His analysis included 18 government deals that included loans, rebates, grants and tax credits. The amount of government assistance does not include the fact that General Motors is currently 26 percent owned by the federal government.

[Ron C.]

This is an old piece - but I doubt many know the full extent of what these vehicles have cost THEM!!

As is - these things can only be afforded by the very rich, and only very rich liberals are likely to buy them.

[dhs12345]

Let the rich Liberals waste their money on them. That’ll mean less money for other things.

Only, they aren't fools and they aren't buying the snake oil.

[Ron C.]

"Only, they aren't fools and they aren't buying the snake oil."

Hopefully 'not-enough-fools' has terminally short-circuited the volt, and terminally burnt-out Obama's re-election hopes.

[dhs12345]

Unfortunately, they have an unlimited supply of money and resources... from the taxpayers.

They can afford to be careless.

[dhs12345]

Unfortunately, they have an unlimited supply of money and resources... from the taxpayers.

They can afford to be careless.

[BilLies]

However, if you buy the Global Warming, in New York state you get $20,000 subsidy on a $25,000 investment for “SOLAR POWER” to start plus the property tax exclusions plus an above market buyback for power the utility does no need for its customers.
A Eco-Homeowner get 80% return, $20,000 for a $25,000 Solar outlay and the Chevy Volt gets only $8,000, 20% discount on a $41,000 outlay for a Volt............no comparison, I take the Solar and drive it down the highway. :O

[dhs12345]

All of those freebies come from somewhere.

Like e10 gasoline. How does something that costs more to produce end up cheaper on the market. It defies logic and basic economics. ;) Guess who pays for the freebies.

I bet the New York consumers pay for the subsidies. Maybe the utilities companies who have to charge their customers more to pay for them. That would be my first guess. So everyone pays higher energy prices. It always ends up back on the consumer.

[zinder]

This report is both old and false. Yes, the Volt and GM have been on the receiving end of subsidies, perhaps even excessively so. But Hohman has been backpeddling ever since he authored the original article. For a more sane discussion of the subsidies, see http://bit.ly/vvJvT1 from the theStreet.com article by Anton Wahlman.

[stevie_d_64]

I kinda buzzed by a headline somewhere out there that said the Chevy Volt is European’s Car of the Year???

I’m sure it’ll turn up...Maybe I saw it on Drudge...

Somebody will post it...