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Yes, its too pricey but it is a first generation (by the way, NEVER buy a first generation car but you know what... idiots are born every minute)... at 35k, GM is actually LOSING money on the deal but they have to cause it would price everyone out of the market for this car if they go higher... with a $7500 credit, should damper the price to 28k but how much it is equipped with, isn't really known (you could buy a VERY nice honda accord with that money)... Also, the most important reason to NOT buy a first generation car, the battery life? Is it warranted LONGER than 10 years? (Probably not, probably only HALF)... considering the battery IS the MOST expensive part of the car, I don't like the idea of spending $10k on car battery every 5 years... but this is a first step, hopefully the third generation will be much better (and cheaper)...
All that you say is true. Unfortunately everyone else is ahead of GM.
Yes, its too pricey but it is a first generation (by the way, NEVER buy a first generation car but you know what... idiots are born every minute)... at 35k, GM is actually LOSING money on the deal but they have to cause it would price everyone out of the market for this car if they go higher... with a $7500 credit, should damper the price to 28k but how much it is equipped with, isn't really known (you could buy a VERY nice honda accord with that money)... Also, the most important reason to NOT buy a first generation car, the battery life? Is it warranted LONGER than 10 years? (Probably not, probably only HALF)... considering the battery IS the MOST expensive part of the car, I don't like the idea of spending $10k on car battery every 5 years... but this is a first step, hopefully the third generation will be much better (and cheaper)...
Good point about first generation,as of right now the green tech is not ready for prime time.If it can only survive on subsidies or tax breaks that is a admission it is not completive in the free market.Another poster brought up the great gas mileage but the car still needs to be plugged in to electric for charge.Lets say that cap and trade is passed,what you saved on MPG will be ate up due to higher electricity.
I am with you on the wait and see approach and I think better tech will come our way,never underestimate mankind.I look forward to the day a poor farmer like me will be able to afford solar.
From the story is states that the Volt goes 40 miles and the gas engine kicks on,so it is still belching carbon but on a lesser scale.The car is not made for long trips of over 6 hours and then you need a charge.With that in mind the buyers are getting a 7,500 tax credit putting in the range of other vehicles.Don't you just love the free market?
So maybe Ford has a better idea for the free market.
"Initially, the Volt will be available only in Michigan, California and Washington, D.C. GM won't reveal the price tag, though it's expected to be about $35,000 — not taking into account a $7,500 tax credit.
What will this buy?
A complex machine of more than 18,000 parts, none probably more important than the 400-pound, T-shaped lithium ion battery. It will give the car a range of up to 40 miles on one charge."
I guess we can kiss $68 billion good bye!
You left out the below crucial follow up paragraph.
Quote:
After that, a small gas-powered engine will kick in to generate electricity to power the car about 300 miles. The battery can be recharged by plugging it into an electrical outlet.
The upcoming Toyota Prius will only run 12 miles on electric power alone.
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