Thursday, December 22, 2011

Taxpayers pay $257,000 for each Chevy Volt

At more than $250K a pop, it's really the U.S. taxpayer who's being charged.
This article, linked by William Jacobson, caught my attention today:
If you’ve been revolted by the fact that every $40,000 electric Chevy Volt sold by Government Motors enjoys a $7,500 rebate at the expense of taxpayers, then better have some Dramamine before you read any further. James Hohman of the Mackinac Center for Public Policy has calculated that the total subsidies—direct and indirect, federal and state—poured into this white elephant could add up to $3 billion or $250,000 for every Volt sold to date. And this is not counting the 26 percent ownership that Uncle Sam still has in the company.
Nor does it count the subsidies that taxpayers like you and I provide to the manufacturers of the batteries used in the Volt. Add on an additional nearly $7,000 for that.

I say, if you want to drive a "green car," you should pay for it yourself.

This government swindle of the rest of us has got to stop.


  1. We have finally come to the point when it's better for the country to buy a foreign car.

  2. @Odie -- Imagine the vehicles (plus garage to park them in) you could get for $250 grand? Ouch, that hurts!

    @Woman -- Pretty darn pathetic.

    @ Trestin -- They're trying to get us all to prefer walking, cycling, or paying through the nose to ride on one of Obama's $53-billion-plus high-speed rails. Agenda 21.