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Fox News Claims Each Chevy Volt Costs Taxpayers $250K (crooksandliars)
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For several weeks, Fox News has declared war on the Chevy Volt in the name of
belittling all so-called green energy initiatives. The attacks have been
relatively trivial, ranging from ridicule by Bill O'Reilly over a recall to
general guffaws at the idea of vehicles that don't consume huge amounts of
fossil fuel energy. But that all changed today with this segment on Megyn
Kelly's show Monday.
Kelly featured James Hohman from the Mackinac Center for Public Policy, the
Koch-funded think tank in Michigan. Much of Mackinac's focus is on right-to-
work laws and union busting wherever possible, so what better target to focus
on than a GM-manufactured green vehicle, right?
According to the Mackinac study, if all government subsidies are added up and
divided by the number of vehicles sold, it adds up to $250,000 per vehicle.
The included subsidies are everything from research and development credits
for battery technology to purchaser credits for buying a green vehicle. Of
course, the problem is that this number assumes only 7,000 Chevy Volts will
ever be sold anywhere. Forever and ever. As more Volts are sold and as more
models become available ...
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