In response to:

Electric Cars: The Environmentally Friendly Way of Losing Money Since 2009

web_master Wrote: Dec 07, 2012 4:42 PM
Wrong. According to CBS MoneyWatch: "...Chevrolet sold 2,851 Volts in September for 16,348 so far this year, up from 7,671 in all of 2011." So unless they sold another 10,200 in October and November (or 5,100 per month) I don't know how you come up with 26,500.
ACPoints Wrote: Dec 07, 2012 5:07 PM
You're right, I blew it. The 26,500 is world wide sales. US sales were slightly under 21,000 so that means federal tax credits of about $157 Million rather than $200 Million that I originally calculated.

A Congressional Budget Office report released in the fall tells Obama what the rest of us have known for some time: Your bet on electric cars wasn’t an investment, but a gamble; a dumb gamble.

And now you’ve just come up snake eyes.

“Despite the federal government pumping $7.5 billion into the electric vehicle industry in the United States through 2019,” writes the, “overall national gasoline consumption is unlikely to be significantly affected, according to a report released by the Congressional Budget Office (CBO).”

The CBO says that even if Obama increased the amount of the subsidy, it...

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