“The latest data also indicate that the average Chevy Volt buyer has an annual income of $175,000.”
The Wall Street Journal‘s Holman Jenkins sums up the fiasco that is green energy in this mock letter to the President from the former Wall Street-er chosen to advise the DOE loan program.
I also see that 15 electric vehicle models are expected by 2014, with potential production four times greater than J.D. Power’s estimate of consumer demand, even assuming continuation of today’s $7,500-per-buyer tax credit.
Related reading: “Detailing the green-washed Chevy Volt”.