Daily outrage: GM’s pricey electric car is fueled by government subsidies 

WHAT: GM has started taking orders for the Chevy Volt, its $41,000 hybrid electric car that costs more than a loaded Cadillac and only goes 40 miles between recharges. Each Volt comes with a $7,500 U.S. government rebate and may qualify for a $3,000 rebate in California. But, it will still lose money.

DISBELIEF: When GM marketing chief Joel Ewanick unveiled the high price, he said the Volt was “starting the world on a different path.” Humorists asked if that expensive path is a “Road to Serfdom.” They called the car the “Voltswagen” — a “people’s car” powered by people’s taxes.

WHY IT’S OUTRAGEOUS: The Volt is pure politics. It seats only four, with a battery that sits in the middle of the passengers. It has poor chances of competing successfully in the market and would not even exist without massive government subsidies.

About The Author

Staff Report

Staff Report

A daily newspaper covering San Francisco, San Mateo County and serving Alameda, Marin and Santa Clara counties.
Pin It

Speaking of Opinion

More by Staff Report

© 2018 The San Francisco Examiner

Website powered by Foundation