Talk of The Villages Florida - View Single Post - The Return Of Govt. Motors Corp. (GMC) - Cash for Clunkers 2
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Old 03-30-2011, 06:48 AM
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Richie: I'm going to say this respectfully. Which way would you want it? There are many here who decrie the fact that we don't have an energy policy to get us off of imported oil. IMO, this is a VERY justifiable criticism of EVERY administration back to Nixon.

So here we have a policy of a tax rebate encouraging purchase of a vehicle that consumes FAR less gas than most - and in the "average" daily situation consumes *NO* gasoline. (The "average" is that the overwhelming majority of Americans drive less than 30 miles per day).

So now the proposal is to "speed up" the tax rebate from your Form 1040 to the actual point of sale. I believe this is A Good Thing. Why? Because now the buyer has to come up with the $35K bottom line for the car instead of financing $42K and getting the tax rebate. [This also makes it more affordable for people who might not have that much in taxes due but are saving up for such a car] As far as the government is concerned, it's a wash. Just a matter of timing for the $7500.

In my case, I drive 60 miles r/t for my commute 9 workdays out of 10. From what I'm reading, 35 miles seems to be the 'real world' all-electric range of the Volt. So I can be using less than one gallon of gas per commute. Right now, I use 2-2.5 gallons per commute. Buying this car could cut my gas consumption IN HALF. (I already cut it by a third when I went from my old Intrepid to my Camry in '06)

Mind you, this doesn't do much for GM's bottom line because they sell FAR more numbers of OTHER vehicles. The Volt is (I hope) the wave of the future but it has to start somewhere. Like lots of other electronics, early adopters pay a premium and this seems to be no exception. Advances in ultra-capacitors and other technologies will hopefully combine with scaled manufacturing to cut the cost of these vehicles.

So here's a policy that helps cut foreign oil dependence AND promotes domestic manufacturing. That SHOULD be a Good Thing, yes?