Why Would Anyone Buy A Volt?

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Perhaps it really is time to just let GM die. Today’s Washington Post story on the next generation Toyota Prius explains how Japanese automakers are putting their money into better hybrids, giving the Prius a bigger trunk, more power and even better mileage at 50 mpg. By contrast, GM is banking its future–and billions of taxpayer dollars–on the Chevy Volt. If the Volt is GM’s future, we’re in big trouble.

The new electric car, due out next year, will only be able to go 40 miles–40 miles!–without recharging, meaning a Volt wouldn’t get me from my house to Bagel City and back on a Saturday morning. To get around this problem, the Volt has a back-up gas tank that will stretch the car’s usefulness another 400 miles at 50 mpg. In an age of 100-plus mile commutes, lots of people would presumably drive primarily on the gas tank (after all, the only charging station they’re likely to find is one in their own garage). Meanwhile, the savings achieved are relatively small. The Volt needs 80 cents worth of electricity to go the same distance as a Prius with $1.50 worth of gas in the tank. But here’s the rub: At $40,000, the Volt costs almost twice as much as a Prius, a difference that all but obliterates any savings at the pump. Does the Obama administration really, truly believe that GM can transform itself with this car?

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We didn't know what to expect when we told you we needed to raise $400,000 before our fiscal year closed on June 30, and we're thrilled to report that our incredible community of readers contributed some $415,000 to help us keep charging as hard as we can during this crazy year.

You just sent an incredible message: that quality journalism doesn't have to answer to advertisers, billionaires, or hedge funds; that newsrooms can eke out an existence thanks primarily to the generosity of its readers. That's so powerful. Especially during what's been called a "media extinction event" when those looking to make a profit from the news pull back, the Mother Jones community steps in.

The months and years ahead won't be easy. Far from it. But there's no one we'd rather face the big challenges with than you, our committed and passionate readers, and our team of fearless reporters who show up every day.

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