What to make of the Volt price cut? It's good news for jobs, good news for consumers, good news for the environment

Dear Reader,

GM’s announcement earlier this month that they’re cutting the price of the 2014 Chevrolet Volt by $5,000? Now that’s good news. Good news for the industry and good news for the environment.

Actually, prices have been falling across the board for electric and hybrid vehicles, which has always been the goal/hope of the market as it develops. It really shows that these can be a car for everyone as sales continue to increase and offerings expand. More consumer choice and more options mean that more customers will find the vehicles and options to meet their needs.

There are still likely to be some bumps on the road to widespread adoption; some products will succeed while others fail. That’s all part of market competition – just like some of the battery companies that we know have not fared so well.

Bottom-line? Lower prices for the Volt and other EVs is good for consumers, good for the environment, and good for next generation of innovation and jobs in the auto sector. It’s not just us at the Built by Michigan coalition who think that, either. Did you see the editorial in the New York Times a few days ago titled “A Clean-Car Boom”?

“In a welcome development for the planet, the cars on American streets are becoming much more climate-friendly much sooner than many had expected,” according to the Times editorial board. “Consumers are increasingly buying fuel-efficient hybrid and electric vehicles thanks to breakthrough innovations and supportive government policies.”

Federal policy has been important in helping this industry grow, the Times said. “Hybrid and electric cars still have a long way to go. That they have come this far shows that timely regulation, targeted assistance and government-private sector cooperation can pay big dividends for industry and the environment.”

Makes sense to us.

As always, thanks for all you do,

 

cgCharles Griffith
Climate & Energy Program Director
The Ecology Center 

- See more at: http://www.builtbymichigan.org/newsletter/2013/05/still-time-stop-ev-tax-and-new-report-links-renewable-energy-ev-performance#sthash.8k1oVhnG.dpuf

Thanks for all you do,

cgCharles Griffith
Climate & Energy Program Director
The Ecology Center 

- See more at: http://www.builtbymichigan.org/newsletter/2013/05/still-time-stop-ev-tax-and-new-report-links-renewable-energy-ev-performance#sthash.8k1oVhnG.dpuf

Thanks for all you do,

cgCharles Griffith
Climate & Energy Program Director
The Ecology Center 

- See more at: http://www.builtbymichigan.org/newsletter/2013/05/still-time-stop-ev-tax-and-new-report-links-renewable-energy-ev-performance#sthash.8k1oVhnG.dpuf

 

cgCharles Griffith
Climate & Energy Program Director
The Ecology Center 






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