What’s in a name?

Eric Bolling, Fox Business Channel’s “Follow the Money”, test drove the Chevy Volt at the invitation of General Motors. For four days in a row, the fully charged battery lasted only 25 miles before the Volt switched to the reserve gasoline engine.

Eric calculated the car got 30 mpg including the 25 miles it ran on the battery.

So, the range including the 9 gallon gas tank and the 16 kwh battery is approximately 270 miles.

It will take you 4 1/2 hours to drive 270 miles at 60 mph. Then add 10 hours to charge the battery and you have a total trip time of 14.5 hours.

In a typical road trip your average speed (including charging time) would be 20 mph.

According to General Motors, the Volt battery hold 16 kwh of electricity. It takes a full 10 hours to charge a drained battery. The cost for the electricity to charge the Volt is never mentioned so I looked up what I pay for electricity. I pay approximately (it varies with amount used and the seasons) $1.16 per kwh. 16 kwh x $1.16 per kwh = $18.56 to charge the battery.

$18.56 per charge divided by 25 miles = $0.74 per mile to operate the Volt using the battery.

Compare this to a similar size car with a gasoline engine only that gets 32 mpg. $3.19 per gallon divided by 32 mpg = $0.10 per mile.

The gasoline powered car cost about $15,000 while the Volt costs $46,000, and to counter that the federal government is now intending to kick in $10,000 taxpayer dollars towards that per car, up from the current taxpayer subsidy of %7500.

So we are supposed to pay 3 times as much, for a car that costs more that 7 times as much to run, and takes 3 times longer to drive across Country?

Presbo wants to have a million of these on the road by 2015.  Which will be a taxpayer cost of $10 billion, almost as much as the $11 billion worth of GM loan that we wrote off in a giveaway of tax dollars to GM and the GM unions.  Each Chevy volt sold now represents $250,000 in state and federal dollars in incentives behind it, per car (numbers from James Hohman, assistant director of fiscal policy at the Mackinac Center for Public Policy) – a total of $3 billion altogether,

If you calculate that the average job in the US now gives an income of $35,500, that means that each Chevy Volt has resulted in the government seizing enough money to have provided 8 jobs.  The best thing this does is make the “cash for clunkers” program look good in comparison.

Remind me what the name for it is when the government controls every aspect of how private industry functions.

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About drrik

3rd career and 2nd childhood. Spends spare time repairing old things. Aspires to burn more gasoline, gunpowder, and ink in pursuit of slowing down. Child of the 60s and aspiring student of history. No desire to see us repeat the failed social experiments that keep failing for lack of human beings that meet the left wing standards and have to be killed off. Did engineering long enough to realize that very little is new and the wheel does not need to be reinvented.
This entry was posted in bailout, constitutional, economy, election, mainstream media, Obama, socialism and tagged , . Bookmark the permalink.

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