Chevy Volt Analysis

In case you were wondering, here is some good analysis on the Chevy Volt. I wonder if Alan Blinder thinks this sort of thing is fair?

THE BOTTOM LINE: even with generous assumptions, the first generation of the Chevrolet Volt will consume about $1 billion in federal tax credits, and STILL result in an economic loss to GM shareholders in excess of $600 million over its lifetime.Without the subsidies, the cumulative loss would triple to $1.8 billion.

Senator Blutarsky’s analysis is extremely detailed and well done. Click this link and read the whole thing. Really makes you think about why we have any government subsidies at all.

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