The Electric Edsel

$41,000 plus the massive donation of taxpayer dollars will give you an electric hair shirt:

For starters, G.M.’s vision turned into a car that costs $41,000 before relevant tax breaks … but after billions of dollars of government loans and grants for the Volt’s development and production. And instead of the sleek coupe of 2007, it looks suspiciously similar to a Toyota Prius. It also requires premium gasoline, seats only four people (the battery runs down the center of the car, preventing a rear bench) and has less head and leg room than the $17,000 Chevrolet Cruze, which is more or less the non-electric version of the Volt.

In short, the Volt appears to be exactly the kind of green-at-all-costs car that some opponents of the bailout feared the government might order G.M. to build. Unfortunately for this theory, G.M. was already committed to the Volt when it entered bankruptcy. And though President Obama’s task force reported in 2009 that the Volt “will likely be too expensive to be commercially successful in the short term,” it didn’t cancel the project.

Ideology over engineering. What a surprise for the current occupant of the White House. Do please read the whole piece. It’s even worse than the excerpt implies. Lemon is too kind.

We taxpayers have already been bilked out of the money that was poured down this “green” rat hole. (Including $150 million to the car’s Korean battery manufacturer.) Makes you feel good about the whole direction the country is heading in, doesn’t it?

Via Memeorandum.

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5 Responses to The Electric Edsel

  1. Hrothgar says:

    You have to buy it to find out what’s in it!

  2. Gaius says:

    Actually, you already know what’s in it. Your tax dollars!

  3. ropelight says:

    There’s already a new model in the planning stages, it’s going to be called the Re-Volt.

  4. LYNNDH says:

    “Makes you feel good about the whole direction the country is heading in, doesn’t it?” – NOT AT ALL. I am actually kind of depressed about it all. And it seems everyday something new comes along to make it worse. I just hope that the Rep. win in Nov and don’t act like total idiots, but then that is probably hoping for too much.

  5. feeblemind says:

    The process for bring the Volt to market reminds me very much of the Ethanol business, what with the subsidies and tax breaks every step of the way in a losing effort to make the product viable.

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