1/01/2011

Despite massive subsidies, Chevy Volt sales not exactly expecting to be large

Despite the government subsidies, hybrids and electric cars are not exactly "big money makers for the car companies."

GM sold between 250 and 350 Chevy Volts this month and Nissan's sales totaled less than 10 Leaf sedans in the past two weeks. Production for both is slowly ramping up. . . .

The Volts are being assembled in Detroit. GM predicts it will sell 10,000 of them in 2011 and between 35,000 and 45,000 in 2012. By way of comparison, Chevrolet sold 187,250 Malibu sedans in the first 11 months of the year with sticker prices that start at $21,975.

Hybrids made up 2.4 percent of U.S. sales this year and the category that includes hybrids and electric cars is expected to double to 4.8 percent by 2013, according to consumer web site Edmunds.com. But electric vehicles likely will be only a small part of this total, said Michelle Krebs, senior analyst at Edmunds, and she doubts they will be big money makers for the car companies. . . .

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1 Comments:

Blogger Bill said...

I have often thought that the overall "carbon footprint" and cost of Hybrids and currently manufactured electric cars is no better than modern internal combustion vehicles; once you consider the battery manufacturing, disposal and replacement cost.

Tesla Motors seems to be on the right track here.

http://www.teslamotors.com/

Outside of the normal "Detroit" thinking of automotive technology. AND they work with other manufacturers to integrate their technology into existing models.

It looks promising.

1/02/2011 11:13 AM  

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