The Chevy Volt, it was announced today, will cost $41,000 a copy. It gets 40 miles per 8.8KWh charge. At 12 cents per KWh, that means that fueling this vehicle with coal generated electricity will cost about 2.6 cents per mile. That sounds impressive, until you consider that the car costs $20,000 more than a comparable gasoline powered car such as the Honda Civic. Even taking the government subsidy of $7,500 into account, buying the Volt will cost 71.6 cents per mile for the first 50,000 miles. On the other hand, buying a Honda Civic will only cost 53.5 cents per mile over the same 50,000 mile period. The best part? I can buy a Lincoln MKZ Hybrid for only 75 cents a mile for the first 50,000 miles.
For those who believe in the fairy tale of man made global warming, consider this: generating enough electricity for the Volt's 40 mile range will produce about 9.5 kg of CO2. A gasoline burning car, like the Civic Hybrid or Lincoln MKZ, also generates 8.8kg of CO2 to go the same distance.
I predict product fail.
