Friday, March 23, 2012

Cost-Effective Chevy Volt Needs $12.50 Gasoline


President Barack Obama has said that upon leaving office after his second term, he plans on buying an electric Chevy Volt.
But according to the Lundberg Survey, the price of a gallon of gas would need to rise to $12.50 before the Volt would be cost-effective for consumers.  The reason: before government subsidies, the Chevy Volt costs roughly $40,000.
The Nissan Leaf fared little better.  Gas would need to skyrocket to $8.53 a gallon in order for the Leaf to be economically competitive, "based on the cost of gasoline versus electricity, fuel efficiency and depreciation."
Read More at Breitbart.com
-- Political Pistachio Conservative News and Commentary

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