GEE, WHO COULDA PREDICTED IT? Sales of Electric Vehicles Collapse in January
Say it isn’t so! Any reasonable thinking individual would have come to the conclusion that Electric Vehicle sales would be in the toilet.
Introduced two years ago, the Volt was to be GM’s shining entry into the electric vehicle market. Since then market problems, have struck Honda, Mitsubishi and Nissan, who have been struggling to sell their electric and hybrid vehicles. The company with the inside track in the electric and hybrid vehicles has been Toyota, who’s Prius models have been in increasing demand. Reports are showing that GM is losing up to $49,000 for each vehicle is sells.
The Volt is really a vehicle looking for it’s niche. The vehicle can only travel 38 miles on it’s batteries before needing to find a place to plug in and recharge. Looking at the larger issue, of vehicle charging stations or lack thereof, the current configuration of the U.S. Electrical Grid isn’t built to handle the charging of electrical vehicles.
GEE, WHO COULDA PREDICTED IT? Sales of Electric Vehicles Collapse in January: “Never mind that the United States sits on hundreds or thousands of years of fossil fuel supplies. Never mind that. The federal government wants you to drive electric cars. The problem is, you ain’t buyin’ em.
EV sales had shown minor signs of life in the last quarter of 2012, only to collapse sharply in January. ‘Sales of the Chevrolet Volt, the Toyota Prius Plug-In and Nissan Leaf each had deep dropoffs in January from December,’ Reuters says.
‘Even after accounting for the fact that January is one of the slowest months of the year for auto sales, the dropoff for plug-in electric cars was considerable,’ Michelle Krebs of Edmunds told the wire. According to Krebs, consumers are opting instead for less-expensive standard hybrids, rather than plug-in electric cars. OEMS blame other factors, such as limited supply, model year changeovers, or changeovers from Japanese to U.S. production, as it is the case for the Nissan LEAF. GM says January sales were down for the Volt because people bought before the end of the year to gain the 2012 tax credit. Which may have been the power behind the last quarter rise of the still tiny segment…
Ain’t central planning grand?
I mean, how many billions of dollars did this administration waste on electric cars and batteries when the technology just isn’t ready? When the full history of the Obama green energy program is written (starting with Solyndra, Fisker, A123 Systems, Tesla, etc.), it will make the Teapot Dome Scandal look like a shoplifting incident.
Thanks to Chief Justice John Roberts’ outrageous Obamacare decision, though, it would seem the federal government has the legal right to command you to buy electric vehicles. So we got that goin’ for us.
Hat tip: BadBlue Car News.
(Via Doug Ross @ Journal.)