Ontario taxpayers should be grateful that the Chevy Volt is not due to appear in the province until next year. Put together a $10,000-per-car provincial subsidy with ultra high-cost solar electricity foisted on the public via feed-in tariffs and you have a level of economic insanity it would be hard to match. Indeed, perhaps the Volt should be renamed "The McGuinty" for the Canadian market. It would take the pressure off the memory of poor Edsel Ford, who gave his name to a tail-finned lemon.Read the rest.
GM announced this week that the Volt, as expected, would cost US$41,000, more than a loaded Cadillac. It will still lose money. GM's marketing chief, Joel Ewanick, when revealing the price, said the Volt was "starting the world on a different path." Would that be The Road to Serfdom? But let's not go over the top. The Volt will collapse under the weight of its own pointless non-viability. GM's future lies with new conventional fuel-powered models such as the Buick Regal, which by all accounts is a terrific car. The Volt is pure politics.
Thursday, July 29, 2010
Electric car insanity
Peter Foster unloads on the Chevy Volt in an editorial in the Financial Post - The Voltswagen: The people's car the people pay for: