Energy Boss Steven Chu Vindicated by Volt Sales

April 11, 2011 RSS Feed Print
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They don’t call Energy Secretary Steven Chu the smartest Obama cabinet member for nothing. When he recently scoffed at worries that gas-electric hybrid cars heralded by the president were sales stinkers, we started asking around, only to find out that he is right. Take the GM Volt. Early sales were in the low hundreds, but demand has surged and insiders say sales should top 10,000 this year. That number could reach 90,000 next year, say industry officials. And just imagine what a hit they could be when a 500-mile battery for cars, one of Chu’s favorite projects, becomes available. The timing couldn’t be better for automakers. They must have a fleet average of 35 miles per gallon by 2016 and there’s talk the feds might raise that to 62 mpg by 2025.

Tags:
Steven Chu,
energy policy and climate change

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Has anyone considered or asked how much it's going to cost to replace the battery when it loses its effectiveness?

Bassboat of AL 11:02AM April 14, 2011

While I too, want a car that can run on electric for more than just 40 or 60 miles before returning to gas, the Volt shouldn't be considered a triumph just yet! We still need to see if the car will be able to beat the sales of the Prius, Honda's Insight, or Ford's Escape Hybrid, before it can be called a true success! I'm glad that it's being made from America, namely GM, I just wish the company still wasn't owned by the Obama administration. The fact that it still needs gas to continue to run when it accelerates and when the battery runs dry and the car converts to a gas powered car is the main reason why gas prices need to go lower! It's stupid to believe that this car is going to be purchased by Joe Public if it's still too expensive to buy, and not yet proven that it can last the test of time as most Americans cars haven't in years past! So don't listen to the author of this article when he says that sales should top 10,000 this year and 90,000 next year, because we still need to get millions of people back to work first, before we start thinking about seeing any real sales statistics to be regarded as actual fact!

The Real Truth of NJ 12:58AM April 14, 2011

By: David Freddoso 03/03/11 10:38 AM

Online Opinion Editor Follow Him @Freddoso

Looks like President Obama's going to have to arrange another series of government acquisitions, 'cause this isn't good:

Peruse Chevrolet's February sales release, and you'll notice one number that's blatantly missing: the number of Chevy Volts sold. The number – a very modest 281 – is available in the company's detailed data (PDF), but it certainly isn't something that GM wants to highlight, apparently. Keeping the number quiet is a bit understandable, since it's lower than the 321 that Chevy sold in January.

Note that it's also lower than the 326 that sold in December. There are about 9,200 left to sell.

Read more at the Washington Examiner: http://washingtonexaminer.com/blogs/beltway-confidential/2011/03/auto-blog-sales-chevy-volt-plummet-only-281-sold-last-month#ixzz1JLO2cGie

John of PA 4:47PM April 12, 2011

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