The White House intends to boost government subsidies for wealthy buyers of the Chevy Volt and other new-technology vehicles — to $10,000 per buyer.
That mammoth subsidy would cost taxpayers $100 million each year if it is approved by Congress, presuming only 10,000 new-technology autos are sold each year.
Originally posted by Wrabbit2000
That is Obamanomics eh?
The average income of the Chevy Volt’s buyers is $170,000 per year, according to General Motors CEO Dan Akerson. “Some of them — I think roughly half — are either [Toyota] Prius or BMW owners,” Akerson said in a Dec. 16 interview with the Associated Press.
The average income of BMW buyers is nearly $170,000, according to a May 2010 article in Bloomberg Business Week.
The National Highway Traffic Safety Administration tested three Chevy Volt batteries last week and one of them caught fire. The other two may have overheated. They were investigating the possibility of battery problems due to an incident in May when a Volt battery caught fire three weeks after undergoing a crash safety test. Last week’s NHTSA test attempted to replicate the same conditions of the crash test that caused a Volt’s May battery fire.
In their official statement NHTSA wrote, “This past May, NHTSA crashed a Chevy Volt in an NCAP test designed to measure the vehicle’s ability to protect occupants from injury in a side collision. During that test, the vehicle’s battery was damaged and the coolant line was ruptured. When a fire involving the test vehicle occurred more than three weeks after it was crashed, the agency concluded that the damage to the vehicle’s lithium-ion battery during the crash test led to the fire.” (Source: NHTSA)
They also said it is too soon to know if there should be a recall of any vehicles or parts. General Motors has been offering free cars on loan to concerned Chevy Volt owners. They say they will contact all Volt owners and extend the free loaner offer to them.
The extra money for wealthy buyers will be borrowed funds, eventually paid off by future taxpayers in all income brackets.
What on Earth is wrong with the Conservative media movement that it feels it’s OK to spread false information,
OK to damage the reputation of perhaps the finest piece of mechanical technology our country has produced since the space shuttle,
OK to hurt an iconic American company that is roaring back to global preeminence,
OK to hurt American employment in Hamtramck, Mich., as long as it damages the Obama administration’s reputation?
While Lutz says that he shares the Republican's goal of damaging the Obama administration's reputation, he doesn't back destroying "credibility through the expedient spreading of untruths." In fact, Maximum Bob—who infamously described Global Warming as a "crock of #"—says now that he's embarrassed to describe himself as a Conservative.
but when they sell less regular cars, the jobs stay the same
Lutz seems most irked by how attacks aimed at President Obama ultimately undermine American innovation and ingenuity—and domestic production of electric cars as a means for improving the economy and putting Americans back to work.
A bit of a long reach there I think
OK to damage the reputation of perhaps the finest piece of mechanical technology our country has produced since the space shuttle
Is it true to conclude that the Average Volt owner makes 170k???
GM officials insist most Volts are sold to ordinary buyers, not to municipal or state governments.
The startling $170,000-per-year earnings number for Volt owners was revealed by General Motors CEO Dan Akerson in a Dec. 16 interview with the Associated Press.