Volt Birth Watch 123: Wagoner "Volt is a Born Loser"
An ironic number for this post, of course, as A123 Batteries just lost their chance to supply batteries for the Hail Mary-shaped plug-in electric – gas hybrid Chevy. But one has to wonder: will GM last long enough for Volts to hit the showroom? Speaking to NPR, GM CEO Rick Wagoner put the onus on you, the taxpayer, to make it so. “”My own view is that the opportunity for these [electric cars] to develop into high-volume vehicles is good,” Wagoner told the taxpayer-funded news org. “But to be honest, it’s going to depend on our ability to work on things like getting the cost down and it’s going to be very much dependant on government policies which support the growth of electricity in vehicles.” Whoah, Dude! Does that mean that GM is acknowledging that the Volt is a non-starter? “Wagoner says electric cars are very expensive to make. Even if the Volt rolls out in 2011 or 2012, as a new technology its cost will be ‘significantly more than the consumer will be willing to pay for.’ That means GM will have to take losses on the vehicle in order to advance the technology, Wagoner says.” And who, pray tell, is going to cover those losses? You! The non-Volt-buying, tax paying consumer.