GM Surrenders To The Green Lobby — Calls On Feds To Mandate Electric Cars

[GURPS]

Barra says stopping the taxpayer subsidies "will stifle growth."

In other words, Barra is flat out admitting that without federal mandates and massive tax subsidies, electric cars don't have much of a future. Environmentalists might love them, but consumers clearly don't.

The tiny Chevy Bolt lists at $37,000, and can go only about 238 miles before requiring a 9-hour recharge. In the first nine months of this year, GM sold a total of 11,807 Bolts, which is down from last year. The company sold four times as many gas-guzzling Silverado trucks in one month.



GM Surrenders To The Green Lobby — Calls On Feds To Mandate Electric Cars


The FED should just give away GM's Bolt .....

 

[glhs837]

Agree, the subsidy should go away for all comers. Make it work without that help and compete. I think Tesla is about there with the long awaited $35,000 Model 3 coming in the next few months. At 35K, it should be competetive in it's market even without the subsidy. One reason Tesla has stayed out of the smaller car market, it's had to compete there. And the range thing is why they built out and continue to expand the Supercharger network.