Keyword: taxcredit

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  • Tesla D Buyers Shouldn't Get Tax Credit

    10/16/2014 1:45:48 PM PDT · by jazusamo · 33 replies
    NLPC ^ | October 16, 2014 | Mark Modica
    Environmentally conscientious, wealthy car enthusiasts are in luck! The much-hyped "D" unveiling came last week as Tesla CEO, Elon Musk, presented what appears to be a very impressive version of its plug-in Model S electric car called the P85D. Boasting 691 horsepower, 687 ft/lb of torque, AWD and a blazing 3.2 second zero to sixty time, the new rich peoples' toy is expected to cost in the neighborhood of $120,000. In fact, the car is so darn impressive that the only obvious question is why in the world do we need to give the affluent purchasers of cars like...
  • Chevy Volt Resale Values Plunge as Lease Returns Hit Market

    08/08/2014 9:06:15 AM PDT · by jazusamo · 46 replies
    NLPC ^ | August 8, 2014 | Mark Modica
    It has been two years since General Motors admitted that there was little demand for the Chevy Volt (as reported here)due to there being "no plug-in market." Their answer was to "create market" to drive sales for the politically popular but economically-nonviable Volt. GM manipulated sales for the Volt through the use of subsidized leases at a time when President Obama's favorite, green wonder-car was being criticized for low sales as it failed to live up to the early hype. GM was able to use taxpayer money in the form of electric vehicle tax credits to help drive down...
  • Obama orders up new mileage standards for big rigs

    02/18/2014 10:32:02 AM PST · by jazusamo · 120 replies
    The Washington Times ^ | February 18, 2014 | Ben Wolfgang
    Linking increased fuel economy to the larger issue of economic growth, President Obama on Tuesday directed his administration to write new rules to improve mileage for the nation’s big-rig trucks. Mr. Obama made the announcement during a speech at a suburban Maryland Safeway distribution center and cast it as the latest move in his so-called “year of action,” a time he’ll act without Congress wherever possible. “Improving gas mileage for these trucks is going to drive down our oil imports even further,” Mr. Obama said. “That reduces carbon pollution even more, cuts down on businesses’ fuel costs, which should pay...
  • Dismal Chevy Spark EV Sales Make the Volt Look Good

    01/10/2014 1:28:22 PM PST · by jazusamo · 31 replies
    NLPC ^ | January 10, 2014 | Mark Modica
    The final tallies for 2013 sales are in for the Chevy Volt and its little sister, the Chevy Spark EV. The results are ugly. While the Volt relies on both a gas engine and electric power, the Spark is actually an electric-only vehicle, assumedly designed to compete with the all-electric Nissan Leaf which had sales of 22,610 for the year. The Spark EV did not compete well, with sales for 2013 coming in at only 589 for the seven months in which it was offered. Chevy Volt sales for the year also disappointed, coming in at 23,094 and down from...
  • Chevy Volt Electric Range Drops to 20 Miles in Cold

    01/03/2014 9:55:59 AM PST · by jazusamo · 49 replies
    NLPC ^ | January 1, 2014 | Mark Modica
    A recent study by fleetcarma.com unveils yet another drawback of General Motors' much-hyped Chevy Volt. It appears that the environmentally-conscientious, affluent owners of the vehicles who drive in cold weather will get about half of the electric range, on average, of those who drive in warmer climates. Fleetcarma charted real-world data displaying an average electric range of approximately 20 miles for Volts driven during temperatures of about 25 degrees Fahrenheit. The owners of President Obama's favorite car who were under the impression that they would be helping Mother Earth by saving less than one gallon of gas a day at...
  • Cadillac ELR: Mary Barra’s First Embarrassment?

    12/12/2013 10:11:40 AM PST · by jazusamo · 45 replies
    NLPC ^ | December 12, 2013 | Mark Modica
    General Motors has announced that Mary Barra will be replacing Dan Akerson as CEO as of mid-January. Ms. Barra was previously the head of global product development. As such, she already has to take partial responsibility for the over-hyped and low-selling Chevy Volt along with the upcoming Cadillac version of the car. With Consumer Reports now stating that the new Cadillac ELR (a glorified Chevy Volt) gave them "sticker shock," will the ELR be the first major embarrassment for Ms. Barra? Anyone who has followed the Chevy Volt story could have guessed at what the prospects for a gussied up...
  • Nonpublic schools make push for business tax credit

    12/03/2013 12:10:08 PM PST · by Welchie25 · 9 replies
    Catholic Review ^ | 12/3/13 | George P. Matysek Jr.
    Seeking to put the brakes on a five-year decline in enrollment that saw the number of students in Maryland’s nonpublic schools shrink by 22 percent, nonpublic school advocates are pushing state lawmakers to pass a business tax credit they believe will help stabilize their schools. The proposed Maryland Education Credit would provide companies and individual businesses a 60 percent tax credit on donations to nonprofit “student assistance organizations.” Those organizations would then help with student expenses such as tuition, supplies, tutoring, transportation and special needs services. Approximately 60 area parents, students and educators attended a Nov. 13 open house at...
  • NHTSA to Investigate Tesla Fires as Battery Facts Remain Elusive

    11/26/2013 3:20:32 PM PST · by jazusamo · 13 replies
    NLPC ^ | November 25, 2013 | Paul Chesser
    After three recent fires, Tesla Motors CEO Elon Musk said he asked the National Highway Tranportation Safety Administration to investigate its Model S. NHTSA said no he didn’t. Tesla has been saying it received the highest safety rating in the U.S., a “new combined record of 5.4 stars.” NHTSA says there’s no such thing. Musk said he expects the investigation will clear Tesla after incidents in which metal objects struck the underside where the Model S battery is located. NHTSA says we’ll see, and a decision whether there should be a recall will likely take months. Maybe a lie...
  • Taxpayers Pay $176 per Gallon of Gas “Saved” by Chevy Volt

    11/22/2013 8:38:27 AM PST · by jazusamo · 21 replies
    NLPC ^ | November 22, 2013 | Mark Modica
    I have to hand it to General Motors and those Chevy Volt supporters who continue to come up with creative ways to espouse the virtues of the slow selling and heavily subsidized vehicle. They just won't give up. The latest figures being presented in political fashion utilize large numbers that, on the surface, appear impressive. When analyzed, the figures give more insight into just how much taxpayer money is being wasted on green subsidies, particularly on electric vehicles (EVs). Sound the trumpets! According to Green Car Reports, the Chevy Volt has saved 17 million gallons of gas to date. Now...
  • Tesla to Target Rich, Environmentally Conscientious Rednecks?

    11/18/2013 8:44:30 AM PST · by jazusamo · 32 replies
    NLPC ^ | November 18, 2013 | Mark Modica
    Tesla CEO, Elon Musk, seems to have reached cult status with green ideologues, as well as with many in the media. Musk's name often goes hand in hand with descriptive monikers like "visionary" and "genius." Of course, what Musk is really a genius at is getting politicians to fund his private businesses ventures with taxpayer money so they don't have to make a profit. It might also be time to step back and ponder the genius of Musk's latest idea. It is for Tesla to compete with Ford's best selling F-series trucks by offering up an electric pickup truck....
  • Chevy Volt Sales Plunge; Cost to Taxpayers $15 Million in October

    11/05/2013 10:12:37 AM PST · by jazusamo · 20 replies
    NLPC ^ | November 5, 2013 | Mark Modica
    General Motors had another disappointing month of sales for its much-hyped green wonder-car in October. Sales for the Chevy Volt plunged over 31 percent from last year, down to 2,022 units for the month. To put that number in perspective, Toyota sells that many Toyota Camrys in about two days. Or, GM is selling less than one Volt per Chevy dealership per month. Despite the dismal sales figures, the loss to taxpayers for federal tax credits of $7,500 per vehicle that go to the wealthy buyers of Volts tallies out to $15,165,000 in October. If GM had come anywhere close...
  • New Energy Secretary Wants to Waste More Money on EV Loans

    08/29/2013 1:21:28 PM PDT · by jazusamo · 4 replies
    NLPC ^ | August 29, 2013 | Paul Chesser
    Just when you thought the Loan Program Office in President Obama’s Department of Energy might put its unused electric auto loan money back in the Treasury coffers, the government investor-crats are going to try to find some takers for the dollars of disrepute that have been tainted by the likes of inoperative, nearly bankrupt Fisker Automotive and Vehicle Production Group. You might remember when we last heard about the condition of this program, it had trouble finding takers for the remaining $16.5 billion or so it had been allocated. According to a March report produced by the Government Accountability Office...
  • The Twenty Percent President on the Chevy Volt

    08/18/2013 11:08:35 AM PDT · by jazusamo · 25 replies
    Townhall.com Finance ^ | August 18, 2013 | Political Calculations
    According to the carefully crafted plan of the Obama administration, there would be one million electric cars cruising around America's streets and highways by 2015. According to the plan, almost half of those vehicles would be Chevrolet Volts. So how well are President Obama's industrial policy plans working out in the real world? The easiest way to find out is to count up the number of Chevrolet Volt sales over time. Electric vehicle industry observer InsideEVs provides a monthly scorecard of the number of sales recorded for each primarily electricity-powered automobile in the U.S., from which we extracted the...
  • GM to Lose Even More on Each Chevy Volt

    08/08/2013 11:35:04 AM PDT · by jazusamo · 19 replies
    NLPC ^ | August 8, 2013 | Mark Modica
    The Chevy Volt madness continued this week with General Motors announcing that consumers will see a $5,000 decrease in the price of President Obama's favorite green wonder-car. Sales of the Volt have been dismal, with most consumers refusing to be as smitten with the car as the President and the few enthusiastic green ideologues who seemed to believe that spending approximately $20,000 more for a car (over a gas-powered rival) that can save them about $3 a day in gas makes sense. What seems to go unrecognized is the fact that the price cut comes at the expense of GM...
  • The Many Costs of Obama’s Electric Car Folly

    06/26/2013 12:26:12 PM PDT · by jazusamo · 7 replies
    NLPC ^ | June 26, 2013 | Mark Modica
    It appears that there is no end in sight to the Obama Administration's costly quest to electrify America's auto fleet, despite the recent flurry of reports that continue to confirm that the benefits of electric vehicles (EVs) are practically nonexistent in comparison to the costs. One of these reports even came from Obama's own NHTSA (National Highway Traffic Safety Administration) panel which downplayed the importance of EVs and claimed that electric cars will only need to account for between one and three percent of car manufacturer's product portfolios by 2025 for lofty government EPA requirements to be met. The Autoguide.com...
  • Electric Cars: Next They'll Have To Give Them Away

    05/23/2013 4:55:05 PM PDT · by jazusamo · 41 replies
    Investors.com ^ | May 23, 2013 | Editorial
    Government Failure: Two years ago the president announced his goal of putting 1 million electric cars on U.S. roads by 2015. Did he mention that to reach that target the unpopular cars might have to be given away? The market for electric cars is so weak that consumer costs are approaching almost nothing. The Wall Street Journal reported Wednesday that in order to "spark buyers for electric cars," there is a need to "drop the price to nearly $0." "A new round of discount leases on mainstream-brand plug-in cars such as the Nissan Leaf or Fiat 500e, combined with federal,...
  • Hold Off on Buying That Chevy Volt; Price to Drop $10,000 in Face of Dismal Sales

    05/09/2013 11:24:40 AM PDT · by jazusamo · 40 replies
    NLPC ^ | May 9, 2013 | Mark Modica
    Great news for consumers who are considering buying General Motors' green wonder car, the Chevy Volt. I know how excited those environmentally conscientious Volt enthusiasts can get, but a little patience can pay off big time if potential buyers hold off for a year or so on their purchase. According to GM CEO Dan Akerson and following another dismal month of Volt sales (1,306 in April), the car that defies logic will soon be available for up to $10,000 less money. The good news extends to shareholders of GM as the next generation of the Volt will supposedly be profitable...
  • Fisker Failure was Easy to See Coming

    04/24/2013 7:50:14 AM PDT · by jazusamo · 12 replies
    NLPC ^ | April 24, 2013 | Mark Modica
    While hindsight may always be 20/20, foresight should be pretty clear in many instances as well. The Fisker failure was one of these times. Many saw the folly in spending hundreds of millions of taxpayer dollars to support the green debacle. In fact, the Associated Press has reported that even the Obama Administration had warning of the Fisker loan risks back in April of 2010 when the Energy Department began emailing their concerns. Congress will be holding hearings starting today to address the scandalous waste of taxpayer money on Fisker. Reuters states one of the goals of the hearing, "'The...
  • Chevy Volt Battery Technology Questioned After Billions Wasted

    04/11/2013 10:11:49 AM PDT · by jazusamo · 15 replies
    NLPC ^ | April 11, 2013 | Mark Modica
    It appears that the Mainstream Media folks may finally be starting to expose one of the worst cases of taxpayer abuse that this country has ever seen. Kudos to Deepa Seetharaman who wrote a piece for Reuters which questions the feasibility of the government-subsidized, lithium-ion based battery technology behind electric vehicles (EVs) like the Chevy Volt. While Seetharaman acknowledges the limitations of lithium-ion batteries, what remains unchallenged is the continued waste of billions of taxpayer dollars to support the failing, pseudo-green technology. The evidence that the Obama Administration's EV subsidization has been a costly fiasco (particularly regarding the Chevy Volt...
  • Chevy Volt Sales Plunge – Obama’s Flagship EV a Failure

    04/03/2013 10:39:46 AM PDT · by jazusamo · 39 replies
    NLPC ^ | April 3, 2013 | Mark Modica
    The Chevy Volt has inarguably been the poster child for President Obama's push to electrify America's auto fleet. Billions of taxpayer dollars have been spent to produce and subsidize the plug-in electric car. For years we have heard about the supposedly amazing technology for the Volt which would lead America to energy independence, be a "game-changer" for General Motors and provide a multitude of new green jobs. Proclamations were made that supply for the wonder-car could not keep up with the demand. Well, March's sales figures are in and give further confirmation that the lofty claims were all lies. March's...
  • Save Billions by Ending Electric Vehicle Subsidies for Wealthy

    03/04/2013 1:40:35 PM PST · by jazusamo · 11 replies
    NLPC ^ | March 4, 2013 | Mark Modica
    If the White House and Congress are looking for a place to cut, how about ending the $7,500 electric vehicle (EV) tax credit for those making over $200,000 a year? The Congressional Budget Office recently reported that federal EV subsidies will cost taxpayers about $7.5 billion over the next few years . The majority of those buying costly "green" vehicles, like General Motors' Chevy Volt, are making far more money than the average American. Why should those that can afford to buy these green toys get reimbursed $7,500 each as the nation is going broke? Does anyone really think that...
  • Tesla CEO Elon Musk Fights Perceptions as Stock Drops

    02/26/2013 9:58:13 AM PST · by jazusamo · 26 replies
    NLPC ^ | February 26, 2013 | Paul Chesser
    Taxpayer-supported Tesla, recipient of a $465 million stimulus loan guarantee to produce yet another electric toy car (the Model S) for rich people, reported its 4th quarter earnings last week. The word from billionaire CEOElon Musk (Flickr photo: Jurvetson) was, “ we’ll do better next quarter – promise.” That’s a paraphrase, but nonetheless Tesla’s announcement fell short of most Wall Street analysts’ expectations. The company lost $90 million for the quarter as it ramped up production to fill pre-orders, paying workers to put in an average of 68 hours per week in December. On Thursday the company suffered the biggest...
  • Toyota and Nissan Shift From Electric Vehicles; Death Knell for Chevy Volt?

    02/05/2013 9:26:42 AM PST · by jazusamo · 67 replies
    NLPC ^ | February 5, 2013 | Mark Modica
    According to Toyota Vice Chairman Takeshi Uchiyamada, "Because of its shortcomings - driving range, cost and recharging time - the electric vehicle is not a viable replacement for most conventional cars; we need something entirely new." Uchiyamada is considered the "father of the Prius." An article by Reuter's exposes the limitations of EVs and focuses on Toyota's, along with Nissan's, change in strategy, which is now moving away from EVs. Even the most ideological and extreme green energy proponents and backers of the Chevy Volt will have to open their eyes to the sad truth uncovered by the latest report....
  • Dismal Sales for Chevy Volt in January

    02/04/2013 9:39:42 AM PST · by jazusamo · 29 replies
    NLPC ^ | February 4, 2013 | Mark Modica
    January's dismal numbers for Chevy Volt sales may give a clue as to how successful (or not) President Obama will be in reaching his goal of having a million electric vehicles (EVs) on American roads within the next few years, a goal that is increasingly becoming unlikely. It also gives us a glimpse into a bizarre strategy General Motors has had by focusing so strongly on plug-in cars while they lose market share elsewhere. The numbers are in, and GM can proudly say that they are the market leader in an insignificant field with a paltry 1,140 Volts sold in...
  • CBO Says Electric Vehicle Subsidies to Cost $7.5 Billion With Little Benefit

    01/18/2013 10:02:21 AM PST · by jazusamo · 6 replies
    National Legal & Policy Center ^ | January 18, 2013 | Mark Modica
    I recently came across a report written by the Congressional Budget Office (CBO) which estimated the cost to taxpayers for "federal policies to promote (aka subsidize) the manufacture and purchase of electric vehicles (EVs)." The piece also predicts the short-term benefits of the subsidies and includes the effects of rising federal requirements for fuel economy (known as CAFE) standards. The outlook is that federal subsidies will cost taxpayers $7.5 billion over the next few years for little or no benefit (even when including the impact of CAFE) to total gas consumption or emissions. The CBO is a non-partisan federal agency...
  • Some Chevy Dealers Pull Plug on Volt – 2012 Sales Well Below Goals

    01/07/2013 9:17:53 AM PST · by jazusamo · 30 replies
    National Legal & Policy Center ^ | January 7, 2013 | Mark Modica
    The final tally is in for 2012 Chevy Volt sales. The good news (which is what most headlines will trumpet) is that sales for General Motors' flagship green vehicle tripled from 2011's paltry 7,671 to a slightly less paltry 23,461 in 2012. The bad news is that the number is almost half of GM's sales goal of 45,000 in 2012 for the Volt. The further bad news is that the Volt has so little demand in most regions that some dealerships are refusing to pay for required tools to repair the vehicles and are choosing to cease selling the vehicles...
  • Nissan Admits Arrogance in Sales of Taxpayer-Subsidized Leaf

    12/19/2012 10:52:23 AM PST · by jazusamo · 16 replies
    National Legal & Policy Center ^ | December 19, 2012 | Paul Chesser
    A top Nissan official has said the company was “arrogant” in its marketing and sales approach for the all-electric Leaf, which received a $1.4 billion stimulus loan guarantee fromPresident Obama’s Department of Energy. Not that the company is going to return taxpayers their money, since the premise upon which Nissan received the loan were ridiculously high production estimates. Too much in expenses would have to be eaten otherwise. “We were a little bit arrogant as a manufacturer when we went to the 50-state rollout,”said Al Castignetti, Nissan’s vice president for sales, to Automotive News in late November. “We had assumed...
  • GM Hypes Chevy Volt's Insignificant 100 Millionth Mile

    12/07/2012 9:02:05 AM PST · by jazusamo · 4 replies
    National Legal & Policy Center ^ | December 7, 2012 | Mark Modica
    General Motors is making more ridiculous Chevy Volt by flooding the web with stories of how 100 million electric miles have been driven since the Volt's much-hyped inception. Let's put the boasting in perspective. In the two plus years that it took for Volt drivers to put on 100 million miles, gas-powered vehicles logged over 5 TRILLION miles in the US. It would take only 5,000 cars traveling 10,000 miles a year to log 100 million miles in two years. The Volt has fallen far short of sales goals and has cost taxpayers billions of dollars in subsidies to reach...
  • The New Excise Tax Frontier: Hollywood

    11/26/2012 8:31:24 PM PST · by EricaD · 21 replies
    Jefferson's Rebels ^ | 11/26/12 | Erica
    To conservatives like me, the following proposal for raising taxes on Hollywood celebrities goes against my DNA. However, two facts are indisputable: (1) Hollywood is perhaps Obama's biggest booster club, giving him donations in kind and in dollars, and (2) Congress' stated goal is to raise taxes on the wealthy, although they will actually raise them on everyone. Therefore, with a bit of irony in mind, I propose the following for debate. After listening to Democrats argue that the wealthy aren’t paying their fair share of taxes, it’s time for Americans to take an empirical view of the massive wealth...
  • Chevy Volt Leases Costing Taxpayers $10 per Gallon of Gas Saved

    10/02/2012 12:49:55 PM PDT · by jazusamo · 19 replies
    National Legal & Policy Center ^ | October 2, 2012 | Mark Modica
    General Motors reported that it sold 2,851 Chevy Volts in September. The number is sure to be touted as a great success, even though the annualized rate of sale is still well below initial sales goals for the vehicle and no where near what conventionally-powered, mainstream cars sell. What is sure to be less publicized by the media is that the majority of the Volt "sales" were heavily subsidized leases that are costing taxpayers millions of dollars. GM spokesman, Jim Cain, told me that a full two thirds of Volt sales were leases. Backing out leases and fleet sales, about...
  • Siemens Layoffs: Wind energy company to lay off 400 at Fort Madison, Iowa, wind turbine blade plant

    09/20/2012 8:57:02 PM PDT · by smokingfrog · 55 replies
    abc news ^ | 18 Sept 2012 | AP story
    Wind energy equipment manufacturer Siemens Energy Inc. will lay off 615 workers in Iowa, Kansas, and Florida in part because Congress has not renewed a tax credit for wind energy, the company said Tuesday. Siemens said the biggest job losses will come in Fort Madison, Iowa, where 407 workers at a wind-turbine blade factory will be out of work. About 220 workers will be retained at the plant to support ongoing operations, spokeswoman Melanie Forbrick said in a statement. About 146 workers are affected in Hutchinson, Kan., leaving 152 still working. In Orlando, Fla., about 62 workers will lose their...
  • Government Stimulus Can't Overcome 100 Years of EV Battery Shortcomings

    09/20/2012 10:51:20 AM PDT · by jazusamo · 12 replies
    National Legal & Policy Center ^ | September 20, 2012 | Paul Chesser
    It’s the battery. Contrary to the excuses that Nissan has supplied about the loss of capacity for owners of the all-electric Leaf in the desert Southwest – especially super-hot Phoenix – a tightly-controlled test of a dozen of the vehicles showed that all of them experienced reduced range. Even a month-old Leaf could not recharge to 100 percent. GreenCarReports.com revealed the dismal development this week. That the power reduction came so rapidly and so quickly debunked the claims of Nissan executives Carla Bailo and Andy Palmer, who suggested the problems could lie either with owners who were charging their...
  • Notwithstanding GM's Protests, No One Wants The Chevy Volt

    09/19/2012 1:26:43 PM PDT · by jazusamo · 16 replies
    Forbes ^ | September 19, 2012 | Patrick Michaels
    After Reuters’ claim that GM was losing $49,000 per vehicle on the Chevy Volt, former GM CEO (and Volt developer) Bob Lutz came to its spirited defense at Forbes.com with an article titled “The Real Story on GM’s Volt Costs”. One of the things he didn’t specifically address was sales. Not to put too fine a point on it, for the umpteenth time concerning the Volt, GM is playing fast and lose with the facts. GM is giving away rent-a-Volts. While the claim of 2800+ sales in August is certainly enough to still the Volt’s critics, at least until Election...
  • Nissan Integrity at Stake in Leaf Owners' Battery Test

    09/18/2012 1:11:20 PM PDT · by jazusamo · 51 replies
    National Legal & Policy Center ^ | September 18, 2012 | Paul Chesser
    In what looks like an attempt to avoid a potentially costly and disastrous recall of its taxpayer-funded electric vehicles, Nissan has dismissed the concerns of its Leaf customers in Arizona and other hot states by claiming the apparent loss of battery capacity is “normal.” Owners of the company’s dismal selling plug-in have banded together to collectively test their vehicles and see just how “normal” their loss of “bars” on their power indicators are. Over the weekend twelve Leaf owners – led by EV advocate and Leaf owner Tony Williams – were to conduct an extended range test in Phoenix,...
  • GM Admits There's No Market for Chevy Volt (Dealer tax credit, lease scam)

    09/13/2012 10:28:48 AM PDT · by jazusamo · 29 replies
    National Legal & Policy Center ^ | September 13, 2012 | Mark Modica
    A Reuters' article earlier this week created quite a buzz when it suggested that General Motors was losing $49,000 on every Chevy Volt sold. While many continue to debate just how much money GM loses on the politically-motivated car, a more important story on the Volt was reported by Automotive.com last week which explained the increase in August sales numbers for the vehicle. The piece exposes how GM (along with taxpayers) is heavily subsidizing leases and even gets an embarrassing admission from GM on the struggling Volt that, "The whole idea is we're creating a market." And this blockbuster,...
  • GM (Again) Halts Chevy Volt Production

    08/28/2012 8:37:41 AM PDT · by jazusamo · 12 replies
    National Legal & Policy Center ^ | August 28, 2012 | Mark Modica
    USA Today reports that GM will be, once again, temporarily halting production of the Chevy Volt. According to GM, the halt is not due to low sales of the Volt. The article quotes a Chevy spokesman as saying, "We are not idling the plant due to poor Volt sales. We're gearing up for production of the new Impala." In typical dubious mainstream media fashion, the article also reports that Volt sales have been just fine stating, "GM sold 10,666 Volts through July, way up from the 2,870 sold during the same period a year earlier." Considering that back in January...
  • VIDEO: Taxpayers Fund 'Ridiculous' Chevy Volt Village

    08/08/2012 8:47:16 AM PDT · by jazusamo · 5 replies
    National Legal & Policy Center ^ | August 7, 2012 | NLPC Staff/Mark Modica
    VIDEO 3:56 minutes NLPC Associate Fellow Mark Modica was interviewed by Gerri Willis on the Fox Business Network on August 6. Here's a transcript: Gerri Willis: Moving on to a story, I know you are going to love. "In Focus Tonight," the Chevy Volt village. An entire town dedicated to the controversial taxpayer backed car that so happens to spontaneously combust in flames. The government is teaming up with the private sector to test out its green agenda by dumping these Chevy Volts on an entire community. And did I mention you are helping to pay for this? Joining me...
  • Taxpayers Help Fund Chevy Volt Village (This is outrageous)

    07/31/2012 4:00:09 PM PDT · by jazusamo · 10 replies
    National Legal & Policy Center ^ | July 31, 2012 | Mark Modica
    Well, I really have to hand it to the Obama Administration and General Motors when it comes to promoting green energy initiatives and the Chevy Volt; if nothing else, they are persistent. Unfortunately, that persistence continues to come at the expense of US taxpayers. The latest folly, as reported by Edmunds Inside Line , involves a $10.4 million grant from the Energy Department to create what Edmunds calls "Chevrolet Volt-ville." GM and OnStar have joined a partnership (which includes GE Energy, of course) that had been formed to create a community in Texas called Pecan Street Inc. GM says the...
  • GM Trying to Limit Tax Credit Abuse on Chevy Volt Returns

    07/25/2012 9:03:02 AM PDT · by jazusamo · 12 replies
    National Legal & Policy Center ^ | July 25, 2012 | Mark Modica
    When General Motors announced its 60 day return policy for the Chevy Volt over a week ago, I contacted them to make them aware of the potential for tax credit abuse on returned vehicles that qualify for federal and state subsidies. At the time, GM spokesman Jim Cain did not think that it would be an issue and it was up to purchasers to decide if they would submit for tax credits on Volts that they returned for refunds. I spoke with Mr. Cain to follow up on the story. Mr. Cain has informed me that GM is working on...
  • Chevy Volt 60-Day Return Makes Tax Credit Abuse Likely

    07/12/2012 9:54:29 AM PDT · by jazusamo · 15 replies
    National Legal & Policy Center ^ | July 12, 2012 | Mark Modica
    General Motors has announced a 60 day money back guarantee policy for all new Chevy models, including the Chevy Volt. The move sets up a scenario where purchasers can buy a Volt, claim the $7,500 federal tax credit (and most likely state credits) and return the vehicle for a refund within 60 days. Did GM really not consider this glitch, or is this just another way for Government Motors to prop up politically important Volt sales leading up to November elections? IRS tax form 8936 , for plug-in motor vehicle credit, does not have any minimum time requirement for buyers...
  • Century-Old Electric Car Technology Still Doesn't Sell

    06/11/2012 9:01:03 AM PDT · by jazusamo · 12 replies
    National Legal & Policy Center ^ | June 11, 2012 | Paul Chesser
    Enthusiasts can’t overcome their amazement at the innovation of electric cars – technology that is 100-plus years old. In Friday’s edition of the Vancouver Sun, writer Andrew McCredie – who is tooling around in a modern, all-electricNissan Leaf and blogging about it – marveled at the 1912 electric car produced by the Anderson Car Company, which was on public display at the local “Electrafest” over the weekend. McCredie, seemingly blinded by the nostalgia surrounding the car, ignored the obvious: that its cost, range, and efficiency illustrate that there has been no significant technological advancement, in practical terms for American...
  • Chevy to Build Impalas, Malibus at Underutilized Volt Plant

    06/04/2012 8:57:15 AM PDT · by jazusamo · 42 replies
    National Legal & Policy Center ^ | June 4, 2012 | Mark Modica
    CBC News reports that an Ontario General Motors' plant where Chevy Impalas and Equinoxes were built will be closed down, costing Canadians around 2,000 jobs. GM reportedly plans to partially move production of the Impala to its Detroit-Hamtramck assembly plant in Michigan. You may remember the Hamtramck site from the Chevy Volt commercial which trumpeted the building of Volts there. It now seems that low demand for the Volt has led to the plant having enough time to build other, conventionally-powered vehicles. While the Volt may have been the car GM "had to build," it appears that consumers would...
  • Obama to Congress on green-energy tax-break extension: 'Do it now'

    05/24/2012 3:27:43 PM PDT · by jazusamo · 15 replies
    The Hill ^ | May 24, 2012 | Ben Geman
    President Obama used the backdrop of an Iowa wind-energy manufacturing plant Thursday to ramp up pressure on Congress to extend an expiring tax break that has been vital to financing new power projects. Extension of the wind-energy production tax credit — which is slated to lapse at year’s end — is part of a short “to do list” of actions Obama says Congress could do quickly to help the economy. Obama, speaking at TPI Composites, noted that domestic manufacturing, rather than imports, of various wind turbine parts now supports many facilities in 43 states employing tens of thousands of workers....
  • GM Boycott Hurting Market Share?

    05/08/2012 11:09:03 AM PDT · by jazusamo · 43 replies
    National Legal & Policy Center ^ | May 8, 2012 | Mark Modica
    Last week's earnings report from General Motors revealed a troubling statistic for shareholders. GM's market share for North America shrunk from 18.3% a year ago to 16.7% for the latest quarter. Not coincidently, a survey by Yahoo Autos revealed that a full 13% of consumers would now "never" consider purchasing a GM vehicle while another 15% are less likely to purchase. A negative perception of the auto bailout process and the continued political overtones at GM are the reasons for the boycott. Another recent Rasmussen poll showed that 59% of Americans view the auto bailouts as a failure. The...
  • GM Executive Refutes Chevy Volt / EV Hype (Good article)

    04/27/2012 9:49:24 AM PDT · by jazusamo · 28 replies
    National Legal & Policy Center ^ | April 27, 2012 | Mark Modica
    The WSJ yesterday reported that auto company executives are skeptical regarding the prospects for plug-in electric vehicles like the Chevy Volt. The skepticism was displayed at the annual Society of Automotive Engineers World Congress. Among the skeptics was General Motors' executive director of powertrain-engine engineering, Sam Winegarden (in photo). It seems that not all criticism of the Chevy Volt and cars like it are driven by a right-wing conspiracy to enrich oil companies. Mr. Winegarden presented a chart comparing the amount of energy delivered by a given volume or mass of fuel. According to the article, "On his chart,...
  • Localities Get Up to $33,000 in Subsidies per Chevy Volt (Outrageous tax dollar waste)

    04/23/2012 1:03:52 PM PDT · by jazusamo · 14 replies
    National Legal & Policy Center ^ | April 23, 2012 | Mark Modica
    A Jacksonville.com report gives a good explanation for why some Florida localities are purchasing Chevy Volts. When Jacksonville's chief of fleet management, Karim Kurji, was asked what the advantage of going green by purchasing Volts was he hit the nail on the head when he replied, "Federal money." The story goes on to reveal that the total federal taxpayer money used to subsidize one Chevy Volt purchased by Atlantic Beach was over $33,000. It now appears obvious that the Obama Administration and General Motors are willing to pay just about any price, even if the taxpayers are footing the...
  • Over-Stimulus, EV Indifference a Lethal Mix for Battery Companies

    04/23/2012 11:21:11 AM PDT · by jazusamo · 7 replies
    National Legal & Policy Center ^ | April 22, 2012 | Paul Chesser
    The Obama Administration has over-stimulated the electric vehicle battery market, as companies inspired by the flow of federal stimulus support don’t have enough customers for their products. The government promise of a coming electric car (and truck) revolution, thanks to moves such as President George W. Bush’s signature to approve a $7,500-per-electric-vehicle tax credit and Congress’s passage of the Recovery Act, instigated a buildup of capacity and inventory for batteries. Now putrid EV sales – including the newly introduced Ford Focus electric – have put their battery makers in peril, according to the Detroit Free Press . “A looming...
  • 'Green' boom turned to bust for local vehicle maker

    04/21/2012 12:20:54 PM PDT · by jazusamo · 15 replies
    News-Sentinel ^ | April 21, 2012 | Kevin Leininger
    Government freebies can't overcome limits of market, technology Way back in 1993 I wrote an editorial about President Bill Clinton's efforts to promote electric cars headlined, “If government designs ‘green car,' you'll drive it.” Nearly 20 years later, Government Motors' Chevy Volt has proven me wrong – possibly because, as The New York Times recently pointed out, it could take more than 26 years for the car's fuel savings to justify its price compared to a similar gas-only model. Volt sales have been so anemic that GM recently halted production for five weeks, resulting in 1,300 layoffs. On the other...
  • White House First to Say Chevy Volt Not Ready For Prime Time

    04/19/2012 12:47:08 PM PDT · by jazusamo · 10 replies
    National Legal & Policy Center ^ | April 19, 2012 | Mark Modica
    Mitt Romney has been criticized for stating that the Chevy Volt is an idea whose time has not come. We have gotten to a stage in the election cycle where even the slightest of criticisms against the Volt leads to outcries of a right wing, "wrong-headed" conspiracy to hurt sales of the vehicle. What has not been reported is the fact that the Obama White House was the first to say that the car was not ready for prime time. A White House viability report from 2009 states that the Chevy Volt "holds promise" but is "projected to be...
  • Former GM Vice Chairman: ‘I Would Raise the Fuel Tax 25 Cents a Gallon per Year’ (Lutz)

    04/18/2012 12:06:19 PM PDT · by jazusamo · 64 replies
    CNSNews ^ | April 17, 2012 | Patrick Burke
    VIDEO at link (CNSNews.com) - Former Vice Chairman of General Motors Bob Lutz said he would raise taxes on gasoline to compel American consumers to buy more electric cars. “If I were emperor of the United States, I would raise the fuel tax in the United States by 25 cents a gallon per year,” said Lutz during a panel discussion on energy independence co-sponsored by the Hudson Institute. “So that people making a purchase decision, ‘Wow it’s 4 dollars this year, $4.25 next year, $4.50 the year after that, you know what? We better buy a compact this time.’” Lutz...