WaPo Editors Declare Chevy Volt a Flop
That might be the best description of General Motors' Chevy Volt according a scathing review of that car. And the source of the review? None other than the editorial board of the liberal Washington Post so Obama administration supporters can scarcely write off the criticisms as "right-wing propaganda." Before you even get to the text of the story you can see the WaPo editorial board slam the Volt in the title, GM’s vaunted Volt is on the road to nowhere fast:
AS A CANDIDATE for president in 2008, Barack Obama set a goal of getting 1 million all-electric and plug-in hybrid vehicles on the road by 2015. In February 2011, the Obama administration’s Energy Department issued an analysis purporting to show that, with the help of subsidies and tax credits, “the goal is achievable.” This was a paltry claim in the first place, since 1 million cars amount to less than 1 percent of the total U.S. fleet. Yet it is increasingly clear that, despite the commitment of many millions of taxpayer dollars, the United States will not hit Mr. Obama’s target by 2015. A recent CBS News analysis suggested that we’ll be lucky to get a third of the way there.
A third of the way there? According to the editorial board figures, Volt sales would be very lucky to even get a tenth of the way to Obama's goal:
So far, GM has sold a little more than 21,000 Volts, even with the help of a $7,500 tax credit, recent dealer discounting and U.S. government purchases. When you factor in the $1.2 billion cost of developing the Volt, GM loses tens of thousands of dollars on each model.
And now the WaPo editorial board delivers the final prognostication on terminal patient Volt just before the life support signs on the screen go completely flat:
No matter how you slice it, the American taxpayer has gotten precious little for the administration’s investment in battery-powered vehicles, in terms of permanent jobs or lower carbon dioxide emissions. There is no market, or not much of one, for vehicles that are less convenient and cost thousands of dollars more than similar-sized gas-powered alternatives — but do not save enough fuel to compensate. The basic theory of the Obama push for electric vehicles — if you build them, customers will come — was a myth. And an expensive one, at that.
First Solyndra and now we have Volyndra.