[kamikazeKID]

Quote:The extra money for wealthy buyers will be borrowed funds, eventually paid off by future taxpayers in all income brackets.

Pennsylvania Republican Rep. Mike Kelly, who owns a Chevy dealership, has already introduced legislation to end the auto subsidies. “The nation is $15.2 trillion in debt and climbing, so we’ve got to be a lot more careful about how we spend the money,” he told The Daily Caller in January.

The bill, he said, will also help citizens recognize the money-losing crony-capitalist deals between Democratic legislators and business interests, such as Chevy, he said. “How do we get this crony capitalism across to the voters? We tell them, ‘Folks, this is your money, not the administration’s money. … It’s being thrown around by this president. … It’s not a good investment, and there’s no positive return on it.”

For example, even with the $7,500 rebate for each buyer, Chevy sold only 7,671 Volts in 2011, far below the target of 10,000 earlier touted by company officials. Last month Nissan made the 10,000th sale of its all-electric Leaf model.

The average income of the Chevy Volt’s buyers is $170,000 per year, according to General Motors CEO Dan Akerson. “Some of them — I think roughly half — are either [Toyota] Prius or BMW owners,” Akerson said in a Dec. 16 interview with the Associated Press.

That high income puts the Volt’s buyers in the top 7 percent of households, according to census data, and slightly above the rankings held by households with BMWs, Lexuses or Cadillacs.

The average income of BMW buyers is nearly $170,000, according to a May 2010 article in Bloomberg Business Week.

Cadillac buyers earn almost $130,000, and Lexus buyers take home an average of $141,000. Only Mercedes-Benz drivers earn more than Volt drivers, an average of $174,000 per year.

http://dailycaller.com/2012/02/13/obama-...z1mIiRlYON

[Ix3understeer]

You mean that rich people are buying more expensive cars?

OH. MY. GOD.

[bluestinger66]

But that same increase in the rebate could knock the cost of the lease of a Volt to under three hundred a month, making it affordable to those with normal incomes.
Why wasnt anyone complaining when the same incentives from the government were available on the first quarter million Priuses built?
They will also apply to the Nissan Leaf and Mitsubishi i-miev and Focus BEV, is that a bad thing, too?
Why isnt he complaining about the subsidies to the oil companies?
Or Farm subsidies?

BTW, your thread title should have been Congressman is Against EV Subsidies since that is actually what the article is about.

[redsky]

As I said earlier many times, Volt is not worth its price tag. Looks like many people believe the same.

[96s-10ss]

redsky;190760 Wrote:As I said earlier many times, Volt is not worth its price tag. Looks like many people believe the same.

Neither is a LFA-il

[redsky]

Supercars are not meant to save money on gas.
Wrong example.

[96s-10ss]

You said nothing about gas in your comment.
Thus leaving it open ended to any reply.
Nice try

[BasiliskSt]

This is a feature of the chosen tax incentive not the vehicle eligible for the tax incentive. Same is true (as others have pointed out) of other hybrids and EVs so subsidized. Not many poverty level buyers of Fiskers or Teslas either.

Whether to incentivize a new technology is a policy decision, as is how to incentivize it. Arguably the incentives could be better structured to facilitate use by more middle class buyers but it's not the Volt's fault that Congress chose a tax credit that is better used by high income individuals.

[bluestinger66]

redsky;190760 Wrote:As I said earlier many times, Volt is not worth its price tag. Looks like many people believe the same.

I dont disagree with that statement, but many new technologies are high priced until the marketplace accepts them and mass production reduces the investment in constructing them. In reality none of these electric vehicles is 'worth' their asking price.
It was that way with the internal combustion engined automobile until Henry Ford streamlined the mass production line.
It was that way with many products in the past. Look up how expensive nails were when they were first introduced. Before that a house was built the same way a chair was with dowels and wooden pins.
When houses built with nails burned down, they recovered as many nails as possible and straightened them to be reused. It was less capital intensive than buying new ones.
It was that way with cordless phone handsets, Sony walkmen, early transistor radios, cd players, VCRs, flatscreens, cell phones, color tv's...
Did you know that in the 1500s only the royalty had metal eating utensils?

[The Voice of Doom]

redsky;190771 Wrote:Supercars are not meant to save money on gas.
Wrong example.

BMW isn't building the i8 because it's a take-no-prisoners monster.

[jspookss]

redsky;190760 Wrote:As I said earlier many times, Volt is not worth its price tag. Looks like many people believe the same.

How did you come to that conclusion from THIS particular thread?

[ncguy]

Quote:Why wasnt anyone complaining when the same incentives from the government were available on the first quarter million Priuses built?
They will also apply to the Nissan Leaf and Mitsubishi i-miev and Focus BEV, is that a bad thing, too?
Why isnt he complaining about the subsidies to the oil companies?

You hit the nail on the head!

Complain about giving incentives on a US car thats built right here in the US but you never hear anything about giving these incentives for a stupid MF POS that's built in a different country, shipped here and has '0' to do with the US economy except basically the damn dealer its sold at.

Stupid Stupid Stupid MF SOB!

[Cmicasa the GreatXvX]

ncguy;190863 Wrote:

Quote:Why wasnt anyone complaining when the same incentives from the government were available on the first quarter million Priuses built?
They will also apply to the Nissan Leaf and Mitsubishi i-miev and Focus BEV, is that a bad thing, too?
Why isnt he complaining about the subsidies to the oil companies?

You hit the nail on the head!

Complain about giving incentives on a US car thats built right here in the US but you never hear anything about giving these incentives for a stupid MF POS that's built in a different country, shipped here and has '0' to do with the US economy except basically the damn dealer its sold at.

Stupid Stupid Stupid MF SOB!

Let U in on a lil secret. The Republican party HATES the United States AUTO UNIONS. They Fuckin DESPISE them. The unions in Japan, Korea, and Germany are of no never-mind to them because those country's unions don't put Americans to work they steal jobs from Americans before we even see them.. where as the UAW forces American Automakers to hire workers.. here in America

[Cmicasa the GreatXvX]

redsky;190760 Wrote:As I said earlier many times, Volt is not worth its price tag. Looks like many people believe the same.

Another in a long line of your idiotic post. The article states that the richer buyers are seeing worth in buying the car, the poorer buyers simply may not be able to afford them yet.

To put your comment into it's respective lunacy.. it's as dumb as someone saying that the Volt would have sold more if it had a Cadillac badge on it... because of the price. They of course don't take into account that:

1) Chevy has way more dealerships and presence than Cadillac
2) As a Cadillac, with more Cadillac features the car would have been $50+K as we'll see when the ELR comes out.
3) The price of the car has nothing to do with the badge, but the technology and it's newness caged within.

[96s-10ss]

Cmicasa the GreatXvX;190899 Wrote:

redsky;190760 Wrote:As I said earlier many times, Volt is not worth its price tag. Looks like many people believe the same.

Another in a long line of your idiotic post. The article states that the richer buyers are seeing worth in buying the car, the poorer buyers simply may not be able to afford them yet.

To put your comment into it's respective lunacy.. it's as dumb as someone saying that the Volt would have sold more if it had a Cadillac badge on it... because of the price. They of course don't take into account that:

1) Chevy has way more dealerships and presence than Cadillac
2) As a Cadillac, with more Cadillac features the car would have been $50+K as we'll see when the ELR comes out.
3) The price of the car has nothing to do with the badge, but the technology and it's newness caged within.

But EVERYONE knows the Volt isn't advanced at all or anything :WINK: