Volt buyers actually subsidizing ICE drivers - Link & First Posting text

[Robert Weekley ACN]

For those who can read the link:

http://gm-volt.com/forum/showthread.php?8954-Volt-buyers-actually-subsidizing-ICE-drivers

 

If you can’t open this Link to follow the Thread, here is the first posting on this:

 

“If you watched the republican debate tonight you saw John Huntsman cite a statistic from the Miliken Institute that the real cost of gasoline to Americans is $13 per gallon when you include the military cost of defending access to oil etc. Remember, this is a REPUBLICAN statistic. 

So here is some interesting math:

If you drive a Chevy Cruze Eco at 35 mpg (28 city 42 highway) for 15,000 miles a year you consume 2,143 gallons of gasoline over five years. Of that, you pay (let's assume $3.50 a gallon) $7,500 over 5 years and taxpayers give you a whopping $19,728 in hidden subsidies ($9 a gallon according to Huntsman).

If you drive a Chevy Volt and average 120 mpg (about 2/3rds electric) you consume 625 gallons and you pay around $2,200. The hidden subsidy in that gasoline is $5,625. Add to that the $7,500 tax credit and the math is as follows:

Five Year Government subsidy by vehicle:
Cruze Eco - $19,728
Volt - $13,125
Ford F150 - $35,526

Indeed, according to Mr. Huntsman and the Miliken Institute, the Volt has the LOWEST government subsidy of any car on the road except the Leaf. Food for thought.”

 

On this style of thinking, one could also make similar arguments for all electric Vehicles, and other PHEV’s as well as Electric Motorbikes, eBikes, and Electric Scooters of all kinds!

 

I remain,

 

Robert Weekley, EV Fest Lead Developer

416-638-4368 - Home, 416-901-9191 - Office, 416-500-8182 - Cell - Texts

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