Another article that looks at the GM Volt and why it is such a bad buy...
http://hotair.com/archives/2012/09/26/cbo-electric-vehicles-a-loser-that-allow-for-more-pollution/
http://hotair.com/archives/2012/09/26/cbo-electric-vehicles-a-loser-that-allow-for-more-pollution/
- Sustained value — There isn’t any in the Volt. For the sticker price — even with the subsidies — it’s underpowered and undersized compared to the rest of the market. Thanks to a massive battery replacement cost at somewhere around the 8-year mark, there won’t be any trade-in or resale value for the car, either, which is why lessees are highly unlikely to buy the car from GM at the end of the two-year lease. Without that battery replacement, the Volt becomes an underpowered, undersized, and overly expensive internal-combustion vehicle.
- Energy — Much is made of the cleanliness of the plug-in chargeability, especially in ads for the Volt and the Nissan Leaf. But about half the energy to recharge the battery comes from coal, which is the main contributor to American electrical production. The internal-combustion engines in most cars are more efficient at using gasoline, with the ability to control emissions better, too. Thanks to a raft of new EPA regulations on coal, electricity production will be declining since other technologies aren’t ready to take its place in terms of mass-production capability, which means that the lengthy recharge will end up costing consumers more than a trip to the gas station — and that gets more pronounced the more vehicles we move away from gasoline and onto an already-limited electrical grid.