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Chevy Volt Sales Tank

Posted by Steve Markowitz on June 11, 2013

Chevy VoltChevy Volt is a plug-in electric car capable of only traveling 40 miles before requiring recharge.  This restriction doomed the vehicle to failure in a marketplace from the very beginning.  However, this reality did not stopped President Obama from promoting this green technology nor stopped at least one car magazine from naming the Volt “car the year”.  Politics has a strange way of distorting markets!

Volt sales have been disappointing from the start.  At times General Motors has stopped production due to excess inventory.  Today GM put an explanation mark on the Volt’s poor sales announcing $5,000 rebates on 2012 models and $4,000 rebates on 2013 models, according to CNNMoney.  This is on top of the $7,500 per Volt tax credis offered by the federal government.

President Obama has picked another loser in the Chevy Volt, adding to his growing trophy list of government boondoggles that includes Solyndra and others.

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