Volt May See Increased Nov. Sales; House Republican Looks to Kill $7,500 EV Tax Credit
December 1, 2011 11:17 AM
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President Obama with a Chevrolet Volt
Rep. Mike Kelly (R-PA)
Despite recent issues with the Chevrolet Volt's battery, GM expects increased Volt sales for November and a recent survey found that Volt customers are satisfied. A GOP lawmaker may, however, ruin EV success by fighting the $7,500 tax credit
General Motors Co. may have hit a few speed bumps this year with the Chevrolet Volt extended-range EV's battery-related incidents, but things seem to be looking up with an expected increase in November Volt sales and a recent survey that confirmed Volt customer satisfaction.
The Chevrolet Volt had its
best-ever sales month
in October 2011, but according to GM Spokesman Jim Cain, November Volt sales are expected to surpass the previous month.
In October, GM sold 1,108 Volts, which was the first time it had outsold the Nissan Leaf EV since April. For the year through October, GM sold a total of 5,003 Volts.
Experts say that it is now very unlikely that GM will meet its sales goal of 10,000 Volts sold in 2011, but GM predicts increased sales in November over the month of October. The final sales figures for November have not yet been released.
Perhaps the reason for increased sales expectations is Volt customer satisfaction. According to a recent survey by Consumer Reports, Chevrolet Volt owners "love their cars."
The Consumer Reports survey, which was released Thursday, is based on over 314,000 opinions of 2009-2012 model year vehicles. The survey found that 93 percent of Volt owners who participated said they'd buy the EV again.
However, the survey was conducted only a few months after the Volt hit showrooms, and mainly consisted of early buyers and enthusiasts. The survey was also taken before the formal investigation of Volt/lithium battery safety began.
Earlier this year, the Volt underwent a series of tests at a National Highway Traffic Safety Administration (NHTSA) facility in Wisconsin. Three weeks after a side-impact crash test on May 12, the Volt went up in flames while parked at the facility, catching nearby vehicles on fire.
This sparked a NHTSA investigation, where
three more Volts were tested
November 16, 17 and 18. One battery had normal results while another emitted sparks and smoke, and the third caught on fire one week later. The NHTSA is now conducting a formal investigation of the vehicle's safety.
The Volt may be seeing the upside of a nasty situation for now with a potential sales increase and customer satisfaction, but one GOP lawmaker is looking to throw a wrench in the EV industry's success by fighting the $7,500 tax credit.
Rep. Mike Kelly (R-PA) told Congress Wednesday that he wants the $7,500 tax credit for EVs to cease because he says electric vehicles have not met desired goals and the tax credit only benefits the wealthy. He specifically noted that the annual income of Volt owners is $175,000.
"[The Volt] has become the poster child of President Obama's failed green agenda," said Kelly. "Like many green initiatives promoted by this administration and bankrolled by the American taxpayer, the electric car is better in theory than in practice; has limited consumer demand; is heavily subsidized; and has fallen short of reaching targeted goals. Despite the fact that the federal government has no business subsidizing a product that a manufacturer could just as easily
promote through rebates and other buyer incentives
, the tax subsidies are largely going to the affluent few who can actually afford to buy an electric car, which costs anywhere between $40,000 and $97,000."
Kelly's "like many other green initiatives promoted by this administration" comment was more than likely referring to this year's Solyndra disaster, where the U.S. government loaned solar panel company Solyndra $535 million in 2009 despite warnings that the company would go bankrupt.
Solyndra filed for bankruptcy
on September 6, 2011.
The Detroit News
The Detroit News
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RE: A Republican in the House
12/1/2011 6:05:02 PM
so question for you. when ICE cars were just starting to suplant the standard for the day in 1880's (horses and horse draw carrage), did the government substidize Americans to buy these new devices? Anwser: NO NO and NO.
It was only until 1913 when Ford mastered the assymbly line did the cost of cars come down to the point where it was economical for the average person to own.
How about computers. In the 1970's, when personal computers were just coming about. did the federal government substidize the industry in order to make computers take off?
Answer: NO NO and NO
How about the other great inventions of the 1900's? How many of these devices had to recieve government assistance in order to take off.
Answer: VERY FEW to NONE
The final anwser to this question is that government programs like the Volt incentinves unfairly asks every tax paying American to take on the risk for a new product.
all of the risk for the Volt should be GM and it's share holders. American tax payers should not be flipping the bill.
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