Workdawg
NARWHAL
So possibly mid 30s AFTER tax incentives?Wikipedia said:At the time of unveiling, the Volt project had been in existence for less than a year. The Volt was targeted to cost around US$30,000. As of April 2008, General Motors Vice Chairman of Global Product Development Robert Lutz was quoted as saying that the realistic unsubsidised price had risen to US$48,000[52][53], that he reckoned that US$40,000 might be possible, without making any profit, and that only government tax incentives could take the price tag nearer to US$30,000. When asked directly about the price later, Lutz indicated that this was a misquote - and said "The answer is that we don’t know."[54] As of August 2008, General Motors Chairman and Chief Executive Officer Rick Wagoner was quoted saying that the price of the Volt would likely be in "the mid to high 30's", suggesting a price of more than US$5,000 more than originally targeted.
Adjusting the numbers to reflect a big increase in gas prices, also it looks like this:
Car MSRP:
Toyota Yaris = $12,000
Chevy Volt = $35,000
Cost to operate a Yaris for 1 year:
15,000miles / 30mpg = 500 gallons
500 gallons * $5 = $2500 a year
Number of years to make up cost diff:
$35,000 - $12,000 = 23,000
23,000 / 2,500 = 9.2 years
I agree that there are benefits to creatign no emmisions and reducing our dependency on oil, but according to this LINK, the country uses approximately 390 million gallons of gas a day. Wikipedia also indicates that the initial run of the Volt will be 10,000 cars and it will remain a low production car for 2011-2015.
So, for the first year, assuming EVERY Volt sells, we'd be saving:
500 gallons per year, per person / 365 days = 1.37 gallons per day, per person
1.37 (rounded) * 10,000 chevy volts = 13698.63 gallons per day saved.
13698.63 / 390m = 0.00003 = 0.0035% gas saved
If we extrapolate that chevy increases production, but still limits it, to say 20,000 a year for the next 5 years, and that every car sells, there are now 110,000 Volts on the road.
1.37 gals saved per day * 110,000 volts = 150684.93 gallons saved per day.
150684.93 / 390m = 0.0386% gas saved.
Still very insignificant.
390,000 1% of US consumption / 1.3698.63 gals saved per day = 284,700 volts
Based on those numbers, it'd take 284,700 cars using NO gas to reduce our gasoline consumption 1%.
The gas savings are a TINY drop in the bucket. I'm not saying it's not a good start, but it'll take A LOT more for this to make any kind of difference.