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Volt Fire Hearings Pits Ideologues versus Engineers
In the end how you view this low-voltage Congressional short circuit – with lots of smoke but no fires – depends on how you view Obama Administration actions that used taxpayer-funded subsidies to encourage production of the Volt. These include $151.4 million in stimulus funds for LG Chem, which produces lithium-ion polymer battery cells for the Volt, and $105 million given directly to GM, as well as an end-user federal tax credit of up to $7,500 per Volt purchased. Such subsidies will likely be hotly debated for all industries during the election. Continue reading
Posted in auto news, electric vehicles, engineering, fools 'n frauds, news, news analysis, people, safety
Tagged auto informed, autoinformed.com, automotive news, california republican darrel issue, dan akerson, GM, icct, john german, Ken Zino, nhtsa, obama administration, ohio republican jim jordon, volt, volt fires, volt hearings
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