What $250K buys.

[JasonG]

This from Michigan,

Each Chevy Volt sold thus far may have as much as $250,000 in state and federal dollars in incentives behind it – a total of $3 billion altogether, according to an analysis by James Hohman, assistant director of fiscal policy at the Mackinac Center for Public Policy.

Chevy Volt Costing Taxpayers Up to $250K Per Vehicle [Michigan Capitol Confidential]


According to GM CEO Dan Akerson, the average Volt owner makes $170,000 per year.

[/quote]

Wish they spent this much in subsidies on the Aptera!
Wonder how many hybrids "Bennelson" could've made for for the price of one GM Volt ?
Or how many body kits could be made with $3B to turn a modern Civic hybrid (or Prius, or TDI) into an "Aerocivic" clone ? $3B/$3K each = 300,000 vehicles compared to 6,000 Volts.

[/Rant]

[Ryland]

So $250,000 if all of the factories closed up right now and never made anything ever again.

[JasonG]

Originally Posted by Ryland

So $250,000 if all of the factories closed up right now and never made anything ever again.

No.
Each Volt cost $250,000
3Billion total.
A huge waste of resources during a recession/slump/whatever it is called.

Think how many of your Commuticars could've been put on the streets with that money.
More than 6,000 of them.

As for closing factories, if the money was used more efficiently, it would have created more jobs in more factories.

[Old Mechanic]

Including the bond holders that were screwed?

regards
Mech

[Frank Lee]

It's a bargain! We put $1,000,000,000 into PNGV and got... zero cars.

[JasonG]

Hmmm, 1B/0 =

Darn calculators and mathematik laws.....

[deathtrain]

wow with that much I could be debt free.... with money left over.

or have enough to build my own

HyperRocket: 125 mpg, 100+ mph 3-wheel motorcycle

[MetroMPG]

Originally Posted by Frank Lee

It's a bargain! We put $1,000,000,000 into PNGV and got... zero cars.

That's not quite true. Apparently we got the 1st generation Honda Insight and Toyota Prius.

[Ryland]

Originally Posted by JasonG

No.
Each Volt cost $250,000
3Billion total.

As I read it, not all of that 3 billion dollar figure went to producing just the volt and the 6,000 volts that have been built and sold are not the end, so they figure they are going to sell 12,000 to 15,000 next year, right? that would bring the price per car down and the factories that were built to build them are building other stuff too, other vehicles, batteries for other vehicles and so on.
So as much as I disagree with the idea of government stepping in and putting money in to oil or car companies or banks, but I think that some very short sighted math is being used.
And yes, they could have built more then 6,000 Commuti-cars with that amount of money, but it also would have taken over $1,000,000 just to pay for the crash testing and if you are looking at things with short term thinking that is a lot of money.

[cfg83]

MetroMPG -

Originally Posted by MetroMPG

That's not quite true. Apparently we got the 1st generation Honda Insight and Toyota Prius.

Yeah, that's what I was thinking.

CarloSW2