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GM Hopes To Boost Sales Of The Chevy Volt By Offering A $5,000 Discount

Tyler Durden's picture




 

Just a few days ago we warned of the surging incentives among auto makers - and the diminishing benefits of that margin compression. It seems GM, not to be outdone by its peers, has stepped up with a hefty $5,000 discount for the Chevy Volt with demand for electric vehicles (EV) low, and falling lower, and manufacturers desperate to try anything to try and increase sales. Normally, after a couple of years of underperforming sales a manufacturer would pull its car from the market, however EV manufacturers are under pressure to keep struggling along, partly due to regulations in California (the largest car market in the US) that require all major manufacturers to offer a minimum number of Zero-Emission Vehicles. Unintended consequences once again appearing amid government regulation and cheap credit.

 

Via OilPrice.com,

General Motors has decided to offer potential buyers of the Chevrolet Volt as much as $5,000 to incentivise them into making a purchase. Demand for electric vehicles is low, and falling lower, and manufacturers such as GM and Nissan are desperate to try anything to try and increase sales.

 

GM has already reduced the price of the Volt so some doubt that performing the same trick again will help to boost sales, although Nissan experienced some success when it cut the price of the Leaf battery electric vehicle earlier in the year.

 

When first released onto the market nearly three years ago, expectations were high for the Volt and Leaf, but they have consistently failed to meet their sales targets, in fact only a few battery electric vehicles have actually come close to achieving their targets, the Tesla Model S being the obvious example.

 

Normally, after a couple of years of underperforming sales a manufacturer would pull its car from the market, however EV manufacturers are under pressure to keep struggling along, partly due to regulations in California (the largest car market in the US) that require all major manufacturers to offer a minimum number of Zero-Emission Vehicles.

 

NBC News explains that with this latest incentive offer form GM, you could pick up a Chevy Volt for as little as $28,495. Base price for the car is $39,995, but GM offers $5,000 off any 2013 model, and $4,000 off any 2013 model. Customers can also receive an extra $1,000 if they are currently leasing a non-GM car; they also qualify for a $7,500 tax credit from the government, and another $1,500 credit from the state.

 

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Fri, 06/14/2013 - 17:35 | 3659478 falak pema
falak pema's picture

in Bitcoins?

Fri, 06/14/2013 - 17:41 | 3659493 PSEUDOLOGOI
PSEUDOLOGOI's picture

I got your Bitcoins right here: https://bitcointalk.org/index.php?topic=231673.0

Fri, 06/14/2013 - 17:43 | 3659506 flacon
flacon's picture

It's all a gimick. Our entire economy is a gimick. 

Fri, 06/14/2013 - 17:47 | 3659511 knukles
knukles's picture

Bye The Fucking Dip!
People Quitting Work as a Sign of Confidence!
Volt Sales Surging due to Discounts!

It's Alive!
When plugged in....

(sigh)

 

scratching nuts ... wondering if good boxing match on tonight

Fri, 06/14/2013 - 17:50 | 3659526 Buckaroo Banzai
Buckaroo Banzai's picture

What else would you expect from Government Motors, except wholesale destruction of capital?

Fri, 06/14/2013 - 17:54 | 3659533 krispkritter
krispkritter's picture

B-b-b-b-but it worked so well for Detroit!

Detroit defaults on some debt to avoid bankruptcy filing

http://www.reuters.com/article/2013/06/14/us-usa-detroit-creditors-idUSBRE95D0OS20130614

 

 

Fri, 06/14/2013 - 18:05 | 3659559 kaiserhoff
kaiserhoff's picture

How about a free life insurance policy,

in case the battery explodes and blows your ass up?

That would be a real confidence builder;)

Fri, 06/14/2013 - 18:19 | 3659599 knukles
knukles's picture

Could also mention that OnStar can listen to any and all conversaitons 24/7/365 so that if the battery starts on fire, the electric windows are rolled up and the electronic doors are locked you can scream and somebody in Detroit will hear you if they happen to be working that day?

Fri, 06/14/2013 - 18:24 | 3659618 NotApplicable
NotApplicable's picture

Why not a $20,000 discount? Isn't that like four time betterer?

Fri, 06/14/2013 - 18:29 | 3659630 Cobra
Cobra's picture

Yeah, to get back the $20k you lose when you drive it off the lot!

Fri, 06/14/2013 - 18:39 | 3659665 Fredo Corleone
Fredo Corleone's picture

Memo to GM:

Package the "Volt" unit, and spin it off directly to the Office of the Governor in Sacramento.

You want mandated zero emissions ? You and the citizens of the Golden State directly subsidize it, Jerry. The people get the exact government they vote for; let them shoulder this "experiment;" not GM, or the people of the remaining 49 states.

Fri, 06/14/2013 - 18:54 | 3659693 Town Crier
Town Crier's picture

My tax dollars already paid for a Chevy Volt.  I'm still waiting for delivery.  That's what I get for doing business with welfare queens (General Motors).

Fri, 06/14/2013 - 20:23 | 3659902 espirit
espirit's picture

I'm still waiting on a free Volt AND $5000 cash to take it off their hands.

I call it the Boosting GDP for Amerika Plan.

Sat, 06/15/2013 - 09:41 | 3660663 NoDebt
NoDebt's picture

Nah, you got it all wrong, man.  The government knows the RIGHT way to fix this situation.  Start/escalate a war in the middle east (Syria, for example), spike oil prices well over $100/bbl which should increase demand for electric cars..... problem solved.

What's not to like, other than the body count and drag on an already faltering economy?  Right?

Fri, 06/14/2013 - 19:02 | 3659722 smlbizman
smlbizman's picture

elan musk....another propped up govt. stooge....looking at you zuckerass....

Fri, 06/14/2013 - 20:11 | 3659871 Meat Hammer
Meat Hammer's picture

Buy the car for $29,000, sell it privately for $26,000, take the $7,500 tax credit - minus the $3,000 you lost on the sale and come out $4,500 ahead.

The above is a bad idea because the car is a piece of shit and you'd still have to cover sales tax but I love brainstorming ways to fuck the government.

Fri, 06/14/2013 - 20:26 | 3659911 qqqqtrader
qqqqtrader's picture

Buy a bicycle, y'all probably need some excersize anyway.

Fri, 06/14/2013 - 20:30 | 3659917 espirit
espirit's picture

Buy the car and park it in the garage of your underwater home.  Short the batteries and...

Win, win.

Fri, 06/14/2013 - 18:02 | 3659553 reTARD
reTARD's picture

This is a REAL economy.

 

 

/sarc

Fri, 06/14/2013 - 18:26 | 3659622 Bad Lieutenant
Bad Lieutenant's picture

Didn't you hear?  GM is going to make it up in bulk.

Fri, 06/14/2013 - 20:06 | 3659859 knukles
knukles's picture

LOL
First time I read it as making it up on "bunk"

Fri, 06/14/2013 - 18:08 | 3659563 HelluvaEngineer
HelluvaEngineer's picture

The company who leases our office has new recharging stations for electrics.  There is no cost involved.  Free electricity.  So I wonder who is subsidizing that?

Thinking about filling the bed of my truck with lead acid batteries...

Fri, 06/14/2013 - 18:17 | 3659591 kaiserhoff
kaiserhoff's picture

Or hook up a bunch of faux windmills, sell the electricity back to the utility and pocket the tax credits.

Is this a great country?  Better not to ask.

Fri, 06/14/2013 - 20:34 | 3659926 Real Estate Geek
Real Estate Geek's picture

You and the other tenants are subsidizing it. The utility bills your landlord, who passes it through as part of the operating expenses you pay in addition to base rent.

Fri, 06/14/2013 - 18:08 | 3659565 AGuy
AGuy's picture

GM is also going to announce a fire sale for the Volt, with the slogan: "This car is Hot! Hot! Hot!". Here is the image from the sales promotion:

http://cdn.breitbart.com/mediaserver/Breitbart/Wrong%20Dimensions%20and%...

 

Fri, 06/14/2013 - 17:35 | 3659479 SilverRhino
SilverRhino's picture

Shocking .... Shocking I tell ya

Fri, 06/14/2013 - 17:36 | 3659482 NidStyles
NidStyles's picture

No thanks, you couldn't pay me enough to take one of those things.

Sat, 06/15/2013 - 08:01 | 3660575 Go Tribe
Go Tribe's picture

I'll consider buying a Chevy Volt only after it wins a NASCAR race.

Sat, 06/15/2013 - 16:51 | 3661332 MSimon
MSimon's picture

Racist.

Fri, 06/14/2013 - 17:38 | 3659486 Major Major Major
Major Major Major's picture

"GM offers $5,000 off any 2013 model, and $4,000 off any 2013 model."

 

Who picks $4,000 off?  Must be Goldman clients.

Fri, 06/14/2013 - 17:50 | 3659524 knukles
knukles's picture

It's so the buyers can pay the new taxes about to be levied on electric cars due to shortfalls of gasoline tax revenues...

 

Who thinks these shitty excuses up any more?
Bloody nonsense....

Fri, 06/14/2013 - 18:43 | 3659674 BidnessMan
BidnessMan's picture

+100 Bingo to Knukles

Fri, 06/14/2013 - 17:40 | 3659492 Dr. Venkman
Dr. Venkman's picture

In Delaware, the Gov (or his minion in the administration) is considering requiring all DEALERSHIPS maintain a on-lot stock of at least 15% green cars. This is after we got cornholed by the disaster that was Fisker.

Fri, 06/14/2013 - 17:52 | 3659501 Dr. No
Dr. No's picture

They could boost revenue by requiring the increase in lot size.  Coupled with the "rain tax", this could be a windfall for gov coffers!

Fri, 06/14/2013 - 18:34 | 3659647 dark pools of soros
dark pools of soros's picture

That was a damn good plant on boxwood there. Good to see Steve's survive!

Fri, 06/14/2013 - 19:20 | 3659764 Blano
Blano's picture

I think GM should just say to states like Cali and DE "ok, we're not going to keep your minimum, so maybe we just won't sell in your state at all."  Get the dealers all bent out of shape and marching on their capitals. 

Fri, 06/14/2013 - 21:15 | 3659976 Printfaster
Printfaster's picture

Me, me me.  I can solve this:

> maintain a on-lot stock of at least 15% green cars

Sell 85% of my lot to my cousin, and let hem store them as a distributor.  The tiny lot next door, properly walled off of course, will have one electric car. 

Is an electric car a modern version of an electric chair?  Seems about as handy, especially in Minnesota.

Fri, 06/14/2013 - 17:41 | 3659494 Dr. No
Dr. No's picture

Considering they are still operating on gov money, this could be considered a company specific tax credit?  Thats the beauty of these bailouts, who needs profits?

Fri, 06/14/2013 - 18:24 | 3659513 syntaxterror
syntaxterror's picture

Put a 400hp motor in it, raise it 5 inches, and add 20" wheels with spinning hubcaps and Dumb-mericans will flock to the dealerships to buy it.

Fri, 06/14/2013 - 17:46 | 3659514 SillySalesmanQu...
SillySalesmanQuestion's picture

Is there a fire extiguisher inclluded with that discount?

Fri, 06/14/2013 - 17:59 | 3659544 Nue
Nue's picture

Are you crazy G.M's makes no money off these cars they make their profit by taking out  life insurance policy's on all buyers and by having stock in burn centers across the country.

Fri, 06/14/2013 - 20:34 | 3659924 espirit
espirit's picture

+1 Good point.

Life insurance mandatory.

Fri, 06/14/2013 - 17:49 | 3659522 Yen Cross
Yen Cross's picture

      Hmmmm?----------------------------------------------  No thanks.

Fri, 06/14/2013 - 17:51 | 3659527 B2u
B2u's picture

Do they come with fire extinguishers or are you on your own when it catches fire?

Fri, 06/14/2013 - 17:54 | 3659534 trip kitchen
trip kitchen's picture

Attention G-Mart shoppers, there's a blue flame special on isle 13

Fri, 06/14/2013 - 17:55 | 3659535 ebworthen
ebworthen's picture

Wonder who's paying for that discount and for GM to build that jalopy? 

Oh wait...I am (and every other taxpayer).

Forward!

Fri, 06/14/2013 - 17:55 | 3659536 GrinandBearit
GrinandBearit's picture

Every time I see one of these hybrids driving down the road, it has an Obama sticker on the bumper.

Even the zombified liberals are starting to smarten up -lol

Fri, 06/14/2013 - 18:01 | 3659552 Yen Cross
Yen Cross's picture

  Every time I see one of those hybrids driving down the road, I see a bumper sticker that says, "Say NO 2 WW3".

Fri, 06/14/2013 - 18:08 | 3659564 1000924014093
1000924014093's picture

Liar.

Fri, 06/14/2013 - 18:28 | 3659627 Yen Cross
Yen Cross's picture

       If I validate the (spooks) will put me in a FEMA camp.

Fri, 06/14/2013 - 22:10 | 3660121 Offthebeach
Offthebeach's picture

The nation is a FEMA camp already. You just are on parole to work to feed and house yourself.

Prison nation.

Fri, 06/14/2013 - 19:18 | 3659755 Everybodys All ...
Everybodys All American's picture

Coexist

Fri, 06/14/2013 - 19:32 | 3659796 nmewn
nmewn's picture

lol...or the little yellow & blue equal sign. Its like you really can't be a "real gay" unless you drive around with your knees in your chest with one of these stickers on your butt & your nostrils flared out.

Oh, wait... ;-)

Fri, 06/14/2013 - 17:55 | 3659538 Nue
Nue's picture

I'm holding a rock out my drive way I'm willing to sell it to anyone for $6000 act today and I'll offer a stunning $5000 discount. Imagine the savings!

Fri, 06/14/2013 - 18:21 | 3659607 knukles
knukles's picture

Please don't paint it shiny and let Mrs K know....

Fri, 06/14/2013 - 19:20 | 3659765 kaiserhoff
kaiserhoff's picture

There is something about the female of the species.

My ex could pass anything but a yard sale.  Someone else's junk was an infinite magnet to her.

Fri, 06/14/2013 - 19:10 | 3659542 notquantumdum
notquantumdum's picture

'Fascinating business model; they do all that hard work to make a completely new kind of car which actually runs, in part, on coal in most parts of the US . . . just to lose money on every single one.

Why don't they just throw away the money and save all that trouble?

(Oh wait, I forgot, it's a government operation.)

Fri, 06/14/2013 - 20:37 | 3659929 Matt
Matt's picture

Or just make a coal-fired car and cut out the inefficiencies of transmission and batteries.

Fri, 06/14/2013 - 18:00 | 3659550 NoControl
NoControl's picture

"Unintended consequences once again appearing amid government regulation and cheap credit."

I have another theory as to why Electric Vehicles were pushed onto a market which does not seem to want them.  They knew that people thought they were a novelty and maybe wanted others to have them to "help the environment" somehow but not to actually go out and get one themselves.

I think since cheap oil is in the past, other fuel sources have to be used.  There's a huge push to FRACK every acre of the US so there'll be plenty of natgas on the market.  That's well and good but you can't put natgas in your fuel tank.  And whatever other energy sources that are available do not lend themselves to the energy density of gasoline.

All these other energy sources will then be used to generate electricity.  Leaving the automobile still sucking on its oil pump.   They tired to force a market into existence....  Electric cars to consume their non-oil based energies.   Not gonna happen.  American consumer might not be too smart but they make up for it in stubbornness.

 

I'd personally like to see more of these on the road....  not that I'm holding my breath.

http://www.lowtechmagazine.com/2012/10/electric-velomobiles-part-two.html

Electric Velomobiles: as Fast and Comfortable as Automobiles, but 80 times more Efficient

 

Fri, 06/14/2013 - 18:47 | 3659596 notquantumdum
notquantumdum's picture

Unfortunately, electricity is not a “fuel source” it is a means of using oil, coal, natural gas, and nuclear power to do other things.

There are actually only three known apparent energy sources in the solar system:  gravitational and tidal forces, radioactive decay, and the sun.  Doesn’t even oil and all other fossil fuels just come from plants which absorbed that energy from the sun millions of years ago?  Even if petrochemicals are residual leftovers from the formation of Earth, their energy content would have apparently either come from our sun or the remnants of former dying stars from which our solar system later formed.

So, in summary, all we have is gravitational and tidal forces, nuclear fission, and nuclear fusion.  That’s it.

I favor nat gas in truckers’ tanks until we work out some better solutions.  Solar power is apparently only collecting 0.15%, or so, of current energy consumption in the US.  ‘Wind, only 1.5%, or so, as I recall.  (No, I didn't put the decimal places in the wrong places.  That's almost none.  And, the wind is so variable in its production sometimes that it causes new inefficiencies in the traditional power production systems, so I'm not quite sure that we get to collect a whole 1.5% from wind, if any.)  How many trillions of dollars do we have to flush down the toilet before we learn the challenges of overcoming these physical laws.

(Oh, and PS to the Dems, how does shipping the Canadian shale oil to China, instead of piping it to the US via Keystone, help the planet?  Doesn't that just increase the likelihood of tanker spills, instead of more easily controllable pipeline spills?  And, isn't shipping oil going to emit more carbon than piping it?)

Fri, 06/14/2013 - 19:39 | 3659804 Peter Pan
Peter Pan's picture

Methane from the bullshit of politicians could be a great untapped source of energy. 

Fri, 06/14/2013 - 19:45 | 3659815 NoControl
NoControl's picture

I don't think I stated anywhere that electricity is a "fuel source"

The whole point of the post was to demonstrate that all the other "energy sources" can't be shoved into a gas tank at a high enough energy density to make it worthwhile, so they figure use all those other sources to generate electricity and have the cars run on batteries.  Too bad modern battery tech is not up to the challenge to meet the demands people have of their automobiles.

Fri, 06/14/2013 - 20:53 | 3659836 notquantumdum
notquantumdum's picture

'didn't mean to put any words in your mouth.  The challenge is that, most people are not so familiar with how physics actually works, but they are voting on how it should be done (with little awareness of the most likely outcomes, due to those physical laws)  (Hey, that's almost if not exactly just like "economics" isn't it!).

Fri, 06/14/2013 - 21:32 | 3660023 Ginsengbull
Ginsengbull's picture

If you cool and liquefy the natural gas, you can pump it easily into lightweight vacuum jacketed pressure vessels.

Taylor Wharton patented many designs like that.

Sat, 06/15/2013 - 17:05 | 3661351 MSimon
MSimon's picture

20 to 30 mph and you have to pedal it yourself (with an assist). BTW how many MPPC? That is miles per pound of corn?

Fri, 06/14/2013 - 18:03 | 3659555 Global Hunter
Global Hunter's picture

Corvette make a car that is as good as any Ferrari road car performance wise, the GMC inline 6 is a great motor.  I don't understand why they build so much shit.  If they cut out all of their crappy vehicles, I think it would increase the value and prestige of their good vehicles and the GMC name.  I suppose the financing company needs mass produced crapola to sell to people on credit?  Why else would a company with some really good products do this, are they that retarded?  I'm not the smartest guy and I'm really high right now but even I can see how insanely stupid it is.

Fri, 06/14/2013 - 18:10 | 3659571 Yen Cross
Yen Cross's picture

   The new vette is a nice piece of work! That's about all "Government Motors" has going for it. I owned 2 ZO-6s in the past, and they were bullet proof in performance and maintenance. I might buy the new Stingray after the bugs are worked out.

   Those guys in 'Bowling Green Ky.' get er done!

Fri, 06/14/2013 - 18:13 | 3659584 HelluvaEngineer
HelluvaEngineer's picture

All the big companies do this.  They sell some models at a loss.  I've heard quotes from Ford execs who say they lead Dad into the showroom with the Mustang, then sell him a Taurus. 

Although any guy who walks into a dealership to look at an electric needs his "man card" revoked.

Fri, 06/14/2013 - 18:40 | 3659660 Cobra
Cobra's picture

I agree. Ford's new Eco boost motor (3.5 V6 twin turbo) gets 25 mpg average. And it has like 360 HP and 420 lb/ft torque... That's exceptional mileage for that kind of power.

Edit: Also, I don't believe Ford took any bailout money.

Fri, 06/14/2013 - 18:47 | 3659683 Yen Cross
Yen Cross's picture

   I realize that this isn't a performance car thread, but FORD did bring "Direct Injection" into everyday drivers.

 Better mileage and ultra clean burning. Porsche and Ferrari were 2-3 years behind (F) in that aspect.

Fri, 06/14/2013 - 18:06 | 3659562 TuesdayBen
TuesdayBen's picture

Memo from Gubmint Motors Marketing Department:

Here's how we pitch this offer to the customer - "instead of being $15,000 poorer the moment you the purchaser drive off the lot with your new depreciating asset, you are only $10,000 poorer.  Isn't that fantastic!"

Fri, 06/14/2013 - 18:09 | 3659568 bonzo112358
bonzo112358's picture

QE 4 (or whatever we QE we are on right now plus 1) will be buying pink slips at a premium.  But only from car dealers.

Fri, 06/14/2013 - 18:24 | 3659620 q99x2
q99x2's picture

I passed 2.4 million cars today on the LA 405 freeway and I would have had better luck spotting my ferret than a Chevy Volt.

Fri, 06/14/2013 - 20:04 | 3659855 Row Well Number 41
Row Well Number 41's picture

You must not be looking in the commuter lane.  I see plenty of Volts, Leafs, and I'm seeing quite a few Tesla S models around recently.  Include the Hybrids and at least 1 in 10 cars has some sort of electric capability.

#41

Fri, 06/14/2013 - 20:10 | 3659869 knukles
knukles's picture

Mine has a cigarette lighter.

Fri, 06/14/2013 - 21:26 | 3660005 Ginsengbull
Ginsengbull's picture

I just use the hot exhaust manifold for that. It glows red. Must have some exhaust valve problems.

Sat, 06/15/2013 - 09:31 | 3660654 Non Passaran
Non Passaran's picture

Not a Volt owner I presume?

Fri, 06/14/2013 - 18:29 | 3659629 surf0766
surf0766's picture

My 2012 Camaro, new torque converted at 4500 mile, gas tank sloshes  very loud, heater / air condition interior fan noisy, dashboard has bubbles, shutter still from torque converter issues,

 

They are supposed to fix it all.. Then I will trade it in for some ponies. How you like dem apples GM..

Fri, 06/14/2013 - 19:04 | 3659725 notquantumdum
notquantumdum's picture

It's so much less painful to just read "Consumer Reports" on your exact vehicle for consideration, right before you buy it "used."  What a beautiful method.  I haven't had to do a non-scheduled maintenance item on my vehicle in 20 years -- other than due to having some very minor collisions with some inanimate objects.

Fri, 06/14/2013 - 19:08 | 3659736 surf0766
surf0766's picture

Sometimes ya just have to give in to the wife

Fri, 06/14/2013 - 19:14 | 3659746 notquantumdum
notquantumdum's picture

'Know what you mean, but from a former girlfriend if you can believe it!

Fri, 06/14/2013 - 19:23 | 3659776 Yen Cross
Yen Cross's picture

   There's nothing like the REAL thing. You Gents are masters of communication.

Fri, 06/14/2013 - 19:43 | 3659808 notquantumdum
notquantumdum's picture

'not quite sure if you're being facetious or not.  But, if not, thankyou.

Sat, 06/15/2013 - 01:02 | 3660363 Yen Cross
Yen Cross's picture

   I like the real thing.

Sat, 06/15/2013 - 17:10 | 3661359 MSimon
MSimon's picture

Plastic or paper?

Fri, 06/14/2013 - 18:31 | 3659639 yogibear
yogibear's picture

1 in 5 on the government tit. Offer Obama Volts from government Motors. 

The IRS is sending earned income checks for illegals that have kids in Mexico. 

 

 

Fri, 06/14/2013 - 18:36 | 3659658 orangegeek
orangegeek's picture

GM should just order up a bunch of Toyota Prius', peel the label off and stick Chevy Volt 2 in its place.

 

No one will notice.

 

That's how you boost Chevy Volt sales.

Fri, 06/14/2013 - 19:26 | 3659669 Yen Cross
Yen Cross's picture

  There were lots of shiney new GM-FORD (channel stuffed) cars for the 'Boston Bombing' debacle.

    If you're into 'two tone' paint jobs.?

Fri, 06/14/2013 - 18:53 | 3659700 Atomizer
Atomizer's picture

Does the GM dealership throw in a free fire extinguisher?

Fri, 06/14/2013 - 18:55 | 3659705 dcohen
dcohen's picture

Americans can't afford the stuff they produce, they solved it by lending them money to buy the stuff they produce.

When that failed, they thought what if we give them the stuff they produce.

 

Right on! I recognize a disaster when I see one.

Fri, 06/14/2013 - 18:56 | 3659707 Make_Mine_A_Double
Make_Mine_A_Double's picture

I test drove a Dolt. All the styling of a K car. Total POS. They can't give them away. If they had been allowed to go banko they could have gotten rid of most of their legacy baggage in USSA and Eurarabia and could have been a potential world beater or at least a contender.

Once Ben's cocaine wears off Gov't Motors will be back on the skids. Their demographic is 60+ and their target demo now reviles them as communist drones.

I will never buy another GM product.

Fri, 06/14/2013 - 20:13 | 3659876 knukles
knukles's picture

And they've even gone back into each and every financial businees which they'd exited as they were likewise loosing their asses...

As a dog returns to its vomit, so too a fool to his folly.
                -Proverbs 26:11

Fri, 06/14/2013 - 21:04 | 3659961 Matt
Matt's picture

Wow that is an amazingly applicable verse, for government, central bankers, all of it.

Fri, 06/14/2013 - 19:06 | 3659730 GubbermintWorker
GubbermintWorker's picture

Nah, gonna keep my 06 Mustang GT. Yeah, it only gets 25mpg on the highway but it sure is fun.....and paid off.

Fri, 06/14/2013 - 19:17 | 3659745 TWSceptic
TWSceptic's picture

I would not want to drive that stupid piece of junk even if they paid me for it.

 

Look it's simple, to make electric cars a success, the following needs to happen:

 

- batteries need to be able to provide much longer distance, ideally even more than a car with an internal combustion engine

- rich and higher middle class must want them before the price can come down for the masses

- they need to have better designs

- batteries should charge quickly

- more charging stations

 

Most of the above list is simply not there. You can subsidize this crap all you want, in the end it's all a waste of resources.

Fri, 06/14/2013 - 21:11 | 3659971 Ginsengbull
Ginsengbull's picture

Small diesel cars would be efficient.

 

VW Rabbit diesel got 50 mpg.

Sat, 06/15/2013 - 08:50 | 3660621 Non Passaran
Non Passaran's picture

Problem is it's difficult to make money that way (competing in the free market).

Fri, 06/14/2013 - 19:17 | 3659751 Everybodys All ...
Everybodys All American's picture

Who really wants a Pelosi golf cart no matter what the price.

Fri, 06/14/2013 - 19:23 | 3659758 Lumberjack
Lumberjack's picture

I have serious experience in the electrical/fire/engineering/energy fields. One question. Why do they have rubber mallets on the lifts that mechanics use to work on electric cars? (this is a fact).

Answer: To break the wrists of the unfortunate mechanic who gets 'stuck" working on the vehicle being the short path to ground. The muscles contract and the last resort to break related tension, due to muscle contraction (including the heart), is to break the bones in the hand/arm with a non-conductive mallet to alleviate the muscle tension. They still will not give will not give proper instructions to fire crews about handling fire related issues. 

 

 

Fri, 06/14/2013 - 19:20 | 3659761 michigan independant
michigan independant's picture

We already paid for it. Leave the keys in the bastard when guvvy dear drop it off. https://duckduckgo.com/?q=taxpayer+cost+per+chevy+volt

Fri, 06/14/2013 - 19:22 | 3659762 razorthin
razorthin's picture

After my nat gas standby generator is installed, a Volt just might make sense.

OK, maybe not a Volt.  But could someone make a decent electric vehicle, please?

Fri, 06/14/2013 - 19:24 | 3659777 GubbermintWorker
GubbermintWorker's picture

A diesel generator will last longer.....just sayin'.

Fri, 06/14/2013 - 19:27 | 3659783 razorthin
razorthin's picture

Point taken.  But Sandy hurt real bad here, and she was only a 1.  Someone was shot dead at a gas station just down the road during that teapot tempest.

Fri, 06/14/2013 - 19:31 | 3659794 GubbermintWorker
GubbermintWorker's picture

But you can store diesel for a very long time. Get a couple of used fuel oil tanks, fill er up, and put some diesel treatment in for good measure.

Fri, 06/14/2013 - 21:08 | 3659967 Ginsengbull
Ginsengbull's picture

And you can run it on peanut, corn, soy, or waste oil.

Fri, 06/14/2013 - 20:54 | 3659953 erkme73
erkme73's picture

You cannot produce electricity with a natural gas, propane, gasoline, or diesel generator for anywhere near what even the most expensive utility charges per kW.  I have a modest 15kW diesel generator in FL (for the hurricain season).  When it runs on half-load (the whole house with AC running), the thing burns about 1/2 gallon of diesel per hour.  At $4/gal, that's $2/hr - or $48/day.

Rounding to $50/day, that's $1,500/month.  My highest electric utility bill at $0.16/kWhr was $300.

Fri, 06/14/2013 - 19:30 | 3659789 JJ McApe
JJ McApe's picture

buy as less as possible. sales must go back, thats a good thing. every cent you save, is a cent more in your pocket and not in the pockets of a greddy multinational corp. buy local, trade goods and services, thats the way to go.

Fri, 06/14/2013 - 21:06 | 3659964 Ginsengbull
Ginsengbull's picture

A penny saved is more than a penny earned.

 

They tax you on what you earn.

Fri, 06/14/2013 - 21:26 | 3660007 DoChenRollingBearing
DoChenRollingBearing's picture

Yes!  That is so.  Whatever you do not spend is of double benefit.  Don't forget to put some of those savings into gold (at least in states that do not charge sales tax).

Fri, 06/14/2013 - 19:31 | 3659793 Peter Pan
Peter Pan's picture

Instead of a generous discount, how about a generous buy back if you buy a replacement?

Or is the car you bought not worth shit within 5 years?

Fri, 06/14/2013 - 20:04 | 3659857 patb
patb's picture

the Volt is facing a stiff headwind from the C-MAX Energi.  

Also the economy is tanking out, in part from the sequester,  

The reality is the battery tech is getting better and cheaper and in 7 years the EV will be competitive to gas engines.

 

 

Fri, 06/14/2013 - 21:33 | 3660021 syntaxterror
syntaxterror's picture

There's no Moore's Law for battery technology, sorry. Electric cars outsold gas cars in 1900. It's been over ever since.

 

Sat, 06/15/2013 - 03:13 | 3660433 patb
patb's picture

Battery tech has been steadily getting cheaper and better, compare the battery in a cell phone to the battery to the battery

in a pocket radio from the 60s.  The cost/performance curve isn't as strong as silicon but it's getting better.

 

According to Bloomberg in 2020 the battery car will outperform gas.

Sat, 06/15/2013 - 08:45 | 3660617 Non Passaran
Non Passaran's picture

> According to Bloomberg in 2020 the battery car will outperform gas.

That's exactly why that shit should NOT be subsidized

Fri, 06/14/2013 - 22:03 | 3660107 ToNYC
ToNYC's picture

Pigs can fly with lithium batteries until they get 5 miles high when the bacon gets fried by the high, wild electrons. This is only a test especially for the true believers of hope and in faith.

Fri, 06/14/2013 - 20:18 | 3659883 Tombstone
Tombstone's picture

I might consider buying one of those global-warming-save-the-world-Kommie-Libmobiles if they include a free mount on the roof wind turbine and a cluster of solar panels (to recharge the batteries) and a 10% discount coupon on a set of replacement batteries, of which like in the case of the Tesla, no one is talking about the outrageous costs thereof.  It's just like the socialist government to replace efficiency and prosperity with stupidity and poverty. 

Mon, 06/17/2013 - 06:28 | 3664224 swiss chick
swiss chick's picture

Works everytime...

Fri, 06/14/2013 - 21:31 | 3660001 ToNYC
ToNYC's picture

Please don't put Chevy  Volt coupons in my Social Security checks or otherwise electric government cheese.

Fri, 06/14/2013 - 21:50 | 3660072 jonjon831983
jonjon831983's picture

Tax the poor and sell discounted Volts and Tesla play things to the rich.

Sat, 06/15/2013 - 08:42 | 3660613 Non Passaran
Non Passaran's picture

At least they are being consistent

Fri, 06/14/2013 - 22:09 | 3660119 flacorps
flacorps's picture

I saw new volts priced at $22k after deducting a half dozen items. The proposed incentives would probably pull em down under $20k. At that price they would be a steal.

Fri, 06/14/2013 - 23:16 | 3660229 Bagbalm
Bagbalm's picture

I'll park that ugly thing in the drive when they pay me $5k to take it.

Sat, 06/15/2013 - 04:47 | 3660469 justsayin2u
justsayin2u's picture

Our socialist utopia just thrives on malinvestment.  Lets see what else we can f- up. 

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