Good news, bargain hunters.Great news for consumers who are considering buying General Motors' green wonder car, the Chevy Volt. I know how excited those environmentally conscientious Volt enthusiasts can get, but a little patience can pay off big time if potential buyers hold off for a year or so on their purchase. According to GM CEO Dan Akerson and following another dismal month of Volt sales (1,306 in April), the car that defies logic will soon be available for up to $10,000 less money. The good news extends to shareholders of GM as the next generation of the Volt will supposedly be profitable for the company...
While GM now indignantly denies that the Volt was "Obama's car" or had political motivations, it sure is hard to ignore the fact that the White House was one of the biggest cheerleaders for what would become the electric version of the Ford Edsel. The Volt hype shifted into high gear as the GM IPO approached. In late May of 2010 the White House announced that they would purchase the first 100 Volts that rolled off the assembly line. President Obama served as the Car Salesman in Chief, visiting the Volt plant in July of 2010. He took a Volt for a 10 foot test-roll and proclaimed the ride "pretty smooth." He later suggested Americans who felt they could not afford the rising price of gas should buy Volts as a solution.
Oh, dear, things did not go as planned:Dan Akerson played his part as he displayed either a lack of auto industry savvy or an abundance of BS in January of 2011 when he raised sales guidance for the Volt. 2011 would see 25,000 Volts sold as opposed to 10,000. The Obama-appointed Akerson had a vision of a green GM and planned for 120,000 Volts to sell in 2012, up from the previous 60,000 units. The final numbers were an embarrassment as 7,671 Volts sold in 2011 followed by 23,461 in 2012.
All is not lost, however, except maybe for the American taxpayer:Despite all of the evidence that lithium-ion based vehicles like the Chevy Volt do not have the potential that we were led to believe that they did, GM and the Obama Administration refuse to acknowledge the facts. Taxpayers continue to be on the hook as Obama now wants to raise the federal tax credit for EVs to $10,000. GM is doubling down on the technology with new plug-in vehicles being planned and promises for a new and improved Volt. The Chevy Volt has been a fiasco that refuses to die as bottomless taxpayer pockets stand ready to continue the funding for an idea spawned out of a dangerous union of a wasteful government and a deceitful corporation.
Another Obama fiasco, like Fast & Furious, Benghazi, which you can bet will not make the evening news.http://nlpc.org/stories/2013/05/09/don%E2%80%99t-buy-chevy-volt-yet-price-drop-10000