President Obama repeatedly declared that, with enough federal aid, we could put a million electric vehicles on the road by 2015. One million !
Reality check: 2013 sales of Chevy Volts: 11,643....
In the immortal words of Maxwell Smart, "missed it by that much" !
His administration invested $5 billion in grants, guaranteed loans ... and tax incentives to buyers.
Epic failure. Whoops, forgot the Government never fails, just doesnt "invest" enough billions in our 'green energy future'.
"General Motors is knocking 13 percent off the sticker price of the Chevrolet Volt electric car as it tries to keep pace with rivals in the market for plug-in vehicles.
"The automaker said Tuesday that the 2014 Volt will start at $34,995, including shipping — $5,000 less than the current model. The new model is scheduled to reach showrooms late this summer.
"Sales of electric vehicles are rising,[rising from zero to miniscule] but they're still only 0.2 percent of the U.S. auto market. Automakers have been forced to cut prices or offer discounted leases in order to move the vehicles off dealer lots. Nissan dropped the price of its electric Leaf and sales soared, something GM had to notice.
"Chevrolet is undoubtedly aware of this shift in Leaf pricing, and its resulting sales spike. We all know what you're supposed to do when you can't beat 'em," said Karl Brauer, senior analyst at Kelley Blue Book.
"Electric vehicles once were billed as the answer to high gas prices and dependence on foreign oil. But U.S. oil production is rising and gasoline supplies are abundant. Pump prices have remained relatively stable the past three years, while gas-powered cars have gotten more efficient, making consumers reluctant to give them up.
There's also the worry that an electric car could run out of juice on longer trips.
Volt sales in July were 3.3 percent lower than July 2012, totaling 1,788. For the first seven months of the year, they are up 9.2 percent from the same period in 2012, to 11,643.
Most sales no doubt were to Government agencies forced to buy the electric lemons.
From The Detroit News: http://www.detroitnews.com/article/20130806/AUTO0103/308060026#ixzz2bDEki9h7