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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