Rich Man’s Ride

The very big problem with the Obama administrations plans to offer huge kickbacks – of taxpayer money – to people who buy “green” vehicles like the Chevy Edsel Volt: The Volt is a rich man’s ride.

It’s official: The Chevrolet Volt, the new plug-in electric hybrid car from General Motors, will cost $41,000—that’s a four-seat hatchback for about the base price of a BMW 335i. To be sure, a $7,500 federal tax credit cuts that to $33,500, and electricity is cheaper per mile than gas. But barring some huge oil price spike or stiff new gas tax, it would take more than a decade to offset the higher purchase price. Some will pay a premium for the frisson of going green or being the first “early adopter” on the block. Still, this little runabout is a rich man’s ride.

And that’s my problem with the Obama administration’s energy policy, or at least with his lavish subsidies for the Volt, Nissan’s all-electric Leaf (likely sticker price $33,000), and Tesla’s $100,000 all-electric Roadster: Where does the federal government get off spending the average person’s tax dollars to help better-off-than-average Americans buy expensive new cars?

It’s probably for the best that the Volt is poised to be the new Edsel. Since that’s our money the won is glad-handing out. Read the whole piece, it shows just how foolish the entire scheme is – and the limousine liberal crowd it is designed to please.