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CHEVY VOLT: Flagship Model Of The Government-Industrial Complex – Forbes

August 21, 2011

 

Chevy Volt: Flagship Model Of The Government-Industrial Complex

If you build it, some might come.

OP/ED | 8/19/2011

By Patrick Michaels

President Obama recently reminded General Motors‘ stockholders, all 311 million of us, that he’s calling the shots at America’s largest automaker, when he told an audience in Cannon Falls, Minnesota, that freedom to market was the price for the bailout: “If we are going to help you [GM], then you have also got to change your ways.” And then he stated the ways: electric cars, and isn’t it great that jillions of taxpayer dollars are being thrown at battery manufacturers?

The Government-Industrial Complex (GIC) is at it again, picking energy technologies. Its track record is atrocious.  Highly subsidized solar is in eclipse, as demonstrated by the recent bankruptcy of Evergreen Solar in Massachusetts.  Try as it might, it can’t make wind energy a big player, largely because people hate it. And how much money has it lavished on Ethanol?  This year we will burn up more corn than we will use as a feedstock, which has (and should have) appalled the world.

Nevermind that no one has figured out how to produce a comfortable electric car at an affordable (non-subsidized) price that has enough range to be practical for the most of us. And so GM’s answer is the Chevrolet Volt, which doesn’t suffer from range limitation because of its internal combustion engine, which works both as a generator and prime mover as the charge in 400 pounds of lithium ion batteries depletes.

via Chevy Volt: Flagship Model Of The Government-Industrial Complex – Forbes.

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