CBO: Electric Cars Are A Waste Of Money

by Quietman ~PWCM~JLA Posted 2012/09/24 16:44:24

Related Topics: Auto, Electric Cars, Car, Evolution, Cars, Loans, Budget, Waste, Washington, Auto Industry, Electric Car, Electric, Cbo, Sold, Government

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The Congressional Budget Office (CBO) did a good job of shredding the electric car industry and the government’s role in its evolution with this report (Link).

I’m not knocking electric cars, I’m knocking DC’s role in this industry. Washington has provided the loot necessary for research on battery design, it has committed to up to $25Bn of soft loans to the auto industry and it is subsidizing every electric car that is sold. Without the massive support from our “rich” Uncle Sam there would be no electric car industry in the USA. The question is, “Is this money well spent?”

CUDDLY BUT STILL CRABBY 2012/09/24 16:47:48

+4
If there were a market for them, they'd be flying off the car lots.

There isn't, at least until gas is $10 per gallon.

But then there are the electricity rates that "under my plan will necessarily skyrocket!" according to Obama.

Either way, we're f*cked as Americans.
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More polls by Quietman ~PWCM~JLA

HOMBRE 2012/09/25 19:04:50

+1
Obama regime still forcing this crap down the American people throat.Vote the ass clown Obama out.

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TheTailor 2012/09/24 22:40:36

+1
I don't think GM would have put the Volt on the market without influence of government. Even with subsidy it's too expensive.

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jere.chievres 2012/09/24 20:26:06
Temlakos~POTL~PWCM~JLA~☆ 2012/09/24 18:37:44

+2
Agreed. If electric cars had a future, they would have had some staying power on their own.

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firelooker 2012/09/24 18:13:51

+2
The real problem w/ the electric car is that the batterries can't hold a charge long enough to go anywhere. Plus in 5 yrs or less when the battery goes kaput where will you dispose of it and what will it cost to replace it?. Eletric cars aren't new they were around at the turn of of twentieth century but they didn't catch on for the same reason they haven't caught on now. cost too much & they're ineffecient.

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tommyg ... to firelooker 2012/09/24 18:49:13

+1
Right now the cost to replace the battery pack is between $5000 - $8000 depending on the report you read.

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firelooker to tommyg ... 2012/09/24 18:59:54

+2
That's just the cost of the battery, then you add the cost of hiring the tchnician to install the replacement because you know they wont set it up so the avg Joe can do it.

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tommyg ... to firelooker 2012/09/24 19:29:36

+1
You got that right. Good point.

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firelooker to tommyg ... 2012/09/24 19:59:01

+2
Just like todays cars, how many people can work on their own cars anymore? I can't & I used to be a diesel mehanic.

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tommyg ... to firelooker 2012/09/24 20:01:49

+1
I know. Either you can't get to it (design intent) or it's something electronic that most people don't have tools for.

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firelooker to tommyg ... 2012/09/24 20:57:08

+2
Eactly! Like my 97 GMC truck after it warms up the anti lock brake light comes on and it won't shift on it's own, I have to manually shift it from first up to overdrive. To take it to the sgop to have it diagnosed costs 50 bucks that I don't have. I'm ready to trade it off for an old Chevy like my 63 it only had a 235 six banger in it w/ a 4 speed tranny but you could at least work on it.

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tommyg ... to firelooker 2012/09/25 00:14:40

No doubt.

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GUAPO~LMAO!~ 2012/09/24 17:24:56 (edited)

+1
That's one more proof that 0bama had no business getting involved in the making of the VOLT which extremely costly and a failure altogether.

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TheTailor to GUAPO~L... 2012/09/24 22:45:37

Actually Volt is a good system, it's just too expensive.

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GUAPO~L... to TheTailor 2012/09/25 18:59:42

+1
Still a failure, that's my point.

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TheTailor to GUAPO~L... 2012/09/25 23:34:05

No, the system itself isn't a failure, bringing it to market before it's ready is where failure happens, and that's what Obama's "car czar" did.

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GUAPO~L... to TheTailor 2012/09/26 00:01:02

+1
The car will be no longer be built which makes it a failure, don't be so stubborn.

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TheTailor to GUAPO~L... 2012/09/26 00:05:36 (edited)

I'm not being stubborn and the Volt is being produced by special order only, production hasn't been stopped, MASS production has been stopped, by the order of the GM board after it regained control.

Edit: The Volt is a good system, but it wasn't ready for market. The "car czar" rushed it to market, that is the only problem with Volt.

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GUAPO~L... to TheTailor 2012/09/26 18:14:09

Whatever.....

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CUDDLY BUT STILL CRABBY 2012/09/24 16:47:48

+4
If there were a market for them, they'd be flying off the car lots.

There isn't, at least until gas is $10 per gallon.

But then there are the electricity rates that "under my plan will necessarily skyrocket!" according to Obama.

Either way, we're f*cked as Americans.

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☆56lady... to CUDDLY ... 2012/09/24 16:51:17

+3
without the vaseline . . .

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CUDDLY ... to ☆56lady... 2012/09/24 16:51:36

+2
Excellent point.

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☆56lady... to CUDDLY ... 2012/09/24 16:53:10

+2
Thanks !! :)

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firelooker to ☆56lady... 2012/09/24 18:15:19

+1
So very true.

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☆56lady... to firelooker 2012/09/24 18:33:01

thats government for ya!! LOL :)

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firelooker to ☆56lady... 2012/09/24 18:36:51

What's really aggravating is I read an article awhile ago that say's romney is no different than Obama when it comes to wanting an imperial presidency and detaining and imprisoning americans w/o due process.

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☆56lady... to firelooker 2012/09/24 20:57:10

+1
I understand my friend . . . but I ask myself . . .
a reknowned communist or a capitalist ???
The answer was pretty clear . . .

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firelooker to ☆56lady... 2012/09/24 21:03:27

+2
Hopefully we can turn this country around & get it headed in the right direction. We need to take away this BS of executive orders O has abused the privelege so now all others must pay the price.

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☆56lady... to firelooker 2012/09/24 21:59:59

+1
I agree . . . it is their way of bypassing congress!! I don't think this is what the founding fathers had in mind!!

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TheTailor to CUDDLY ... 2012/09/24 22:46:30

They are too expensive even if gas is $10/gal.

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baboula 2012/09/24 16:47:08

+4
So the CBO has had to finally admit to what the majority of people in this country already know

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GUAPO~L... to baboula 2012/09/24 17:25:42

+1
Except 0bama.

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baboula to GUAPO~L... 2012/09/25 13:23:23

+2
even his minions knew

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