quote: Oh please, the volume on these products are so low that the credits/rebates are chump change
quote: And don't try to make the argument battery R&D wouldn't happen otherwise. Batteries of exactly the same underlying technology is central to the modern existence of the Western consumer life. EV production could fall to zero, and some subsidized battery manufacturers that cater 100% to automakers would disappear, but R&D to advance batteries, and the phones, laptops, tablets, hearing aids, marine applications and everything else that they power would advance on without hardly a skipped beat.
quote: So it's okay to waste millions, since it's chump change compared to the trillion dollar deficit?
quote: We're borrowing money at negative real interest rates. This is a no-brainer investment, especially for the smaller tax credits of Energi plugins.
quote: That's fossil fuels that also could just as easily be exported
quote: In Indy's case, it's a 1100MW or so coal plant, directly adjacent to downtown
quote: And then there's the range and utility issues with these cars.
quote: If this ever became a big market segment, we could just as easily end up importing batteries and whatnot too, particularly sense we're becoming increasingly averse to mining.
quote: Because the Federal Reserve is buying the majority of our newly issued debt.
quote: a dollar consumed by government is a dollar that can't be consumed by the private sector
quote: No it couldn't, because EVs are charged at night when production is below capacity due to lack of demand (i.e. nowhere to export).
quote: I don't know why Indy does that, but it's not common,
quote: Not for PHEVs like the Volt. I admit that pure EVs have a limited market, but let them sell as much as they want.
quote: The rare earth argument, which you seem to be alluding to, is overblown. Tesla and Nissan don't even use any for their EVs.
quote: No they're not. They bought under $1T of gov't debt since 2007
quote: A dollar consumed by the gov't is at most a few pennies that can't be consumed by the private sector.
quote: And then you equate the 150M to ALL the supposed benefits, as if thats the only cost.
quote: The statement that GM “loses” over $40K per Volt is preposterous. What the “analyst” in whom poor Ben Klayman placed his faith has done is to divide the total development cost and plant investment by the number of Volts produced thus far. That’s like saying that a real estate company that puts up a $10 million building and has rental income of one million the first year is “losing” 9 million dollars, or several hundred thousand per renter.