Only can the government make up for the losses in volume. Just tax some more or print some money.
"Chevrolet’s Volt selling, but not at sticker price"
"Now the losses could be even higher. It costs $60,000 to $75,000 to build a Volt, including development, manufacturing and raw materials, estimates Sandy Munro, president of Munro & Associates, a Troy, Mich., a company that analyzes vehicle production expenses for automakers. Much of the cost comes from an expensive combination of two power systems — electric and gasoline. With a sticker price of $40,000, minus the $10,000 the company pays in incentives, GM gets roughly $30,000 for every Volt. So it could be losing at least $30,000 per car."
"How Obama’s green energy policies are bad for the poor"
Energy Costs as a Percentage of Income by Quintile, 2011
"President Obama has made so-called “green energy” policies a key part of his economic agenda, but as a new book argues, they actually disproportionately hurt the poor by boosting the cost of energy.
Last week, Examiner columnist and Manhattan Institute fellow Diana Furchtgott-Roth, author of the new book “Regulating to Disaster: How Green Jobs Policies Are Damaging America’s Economy,” explained that:
Most people think green is good but pay little attention to associated increases in costs. In 2015, it will cost between $49 and $79 to generate one megawatt hour of electricity from natural gas. A megawatt hour from onshore wind will cost between $75 and $138, and from solar photovoltaic will cost between $242 and $455. ..."
"Plant that got $150M in taxpayer money to make Volt batteries furloughs workers"
"President Obama touted it in 2010 as evidence "manufacturing jobs are coming back to the United States,” but two years later, a Michigan hybrid battery plant built with $150 million in taxpayer funds is putting workers on furlough before a single battery has been produced."
"Climate Craziness of the Week – Environmentalist ignores international moratoriums, dumps in the ocean"
"The Pacific Ocean, just off Canada’s west coast, has a new suspect ingredient: 100 tonnes of iron sulphate.
An American entrepreneur with a controversial past in geoengineering dumped the iron dust into the Pacific near the Haida Gwaii islands in July after allegedly telling local villagers that the “experiment” was a salmon restoration project, according to ETC Group, an international environmental watchdog with offices in Canada."
"HOLLAND, Mich. (WOOD) - Workers at LG Chem, a $300 million lithium-ion battery plant heavily funded by taxpayers, tell Target 8 that they have so little work to do that they spend hours playing cards and board games, reading magazines or watching movies.
They say it's been going on for months.
"There would be up to 40 of us that would just sit in there during the day," said former LG Chem employee Nicole Merryman, who said she quit in May.
"We were given assignments to go outside and clean; if we weren't cleaning outside, we were cleaning inside. If there was nothing for us to do, we would study in the cafeteria, or we would sit and play cards, sit and read magazines," said Merryman. "It's really sad that all these people are sitting there and doing nothing, and it's basically on taxpayer money."
Two current employees told Target 8 that the game-playing continues because, as much as they want to work, they still have nothing to do. "
"Is this what Obama’s green-energy future looks like?"
"It was one of Barack Obama’s favorite green-energy companies. And green-energy companies, according to the president, are one of the best ways to facilitate economic growth.
Well, yesterday, The Denver Post detailed the criminal investigation of Abound Solar, a defunct solar-panel manufacturer in Colorado that was run on taxpayer “investments,” for securities fraud, consumer fraud and financial misrepresentation.
Abound shuttered its Colorado plant during the summer and filed for bankruptcy, leaving “125 workers without jobs and taxpayers holding the bag for up to $60 million in defaulted loans.” (Human Events senior reporter Audrey Hudson has already detailed the efforts by the House to investigate the company.) Here’s what Weld County prosecutors are looking into:........"
123 wheres the money. Sorry for the ditty could not resist.
"Quarter-billion-dollar stimulus grant creates just 400 jobs"
"Battery maker A123 Systems vowed thousands of new jobs when it received a nearly quarter-billion-dollar stimulus grant in late 2009, but federal job-tracking figures show only a few hundred positions were created before the company joined a growing list of federally backed energy businesses that ended in bankruptcy.
The latest quarterly report on file with a federal stimulus tracking database shows just seven positions created through the grant from April to June this year. Previous quarters’ job reports contained anywhere from a handful of positions created to more than 100 new jobs.
But even when the quarterly reports are combined, a total of 408 new positions were reported under the stimulus program since 2009, amounting to more than $300,000 spent for each new job reported."
Well at least Nissan will not go bankrupt but so far sales of Leaf are not so great. No problem a billion here a billion there.....
"Nissan launching production of Leaf in U.S."
"Nissan Motor Co. said it will begin U.S. production of its all-electric Leaf on Thursday in Tennessee as part of a $1.4 billion government loan."
"Last year, Nissan sold 9,819 Leaf EVs in the United States — up 1.5 percent over 2011.
The Leaf is not the only struggling electric vehicle. Ford Motor Co. sold just 685 Focus EVs in 2012 — its first full year of sales — even though it has built 1,627, according to a report from Ford last week."
Same in S_Pain, where politicians visions of an increasing weight of electric cars has been proven wrong and unaffordable. I believe there is a couple of Hiring Co. for city tourism in Barcelona -small cars, you know- and that´s a good idea, but for the general public are too expensive and lack of autonomy is unsolvebable. Mixed combustion-electric cars are though very suitable for city needs, and getting cheaper, so this is where Car Companies will be developping new models with less Gasoline comsume and mix powered with new power cells... Hydrogen powered cars seem to be too far ahead yet... Due to oil co. and car co. own interest perhaps? Like happened with LED technology being kept down by Bulbs industry?
AGW killing EU economy? Suck it up when you are saving the world from BBQ summers. Oh the temps are flat well really the heat is buried deep in the oceans of Mars and will teleconnect back soon.
"Newsbytes: Climate Policy In Crisis As Britain Considers Exit From EU"
"Europe’s heavy industries claim to be unfairly hit by rising energy prices caused by the EU’s climate policies. A particular concern of energy-intensive industries like steel and chemicals is that EU policies on climate and energy have seen electricity suppliers passing on price increases to them. Energy prices rose 28% between 2003 and 2011. The European Steel Association, Eurofer, estimates the total cost to the steel industry of the ETS at between €11 billion to €15 billion. –Jeremy Fleming, EurActiv, 22 January 2013
Japan is likely to abandon an ambitious pledge to slash greenhouse gas emissions by a quarter, the top government spokesman said on Thursday. Prime Minister Shinzo Abe’s business-friendly Liberal Democratic Party ousted the Democratic Party in December elections after pledging to review the emissions cut target in light of the post-Fukushima switch to fossil fuels. –AFP, 24 January 2013
Statistically there has been no change in the average annual temperature of the globe since 1997 meaning that the standstill is now 16 years. The latest five-year average of Hadcrut3 and Hadcrut4 data shows a decline for the first time. Can anyone now have any doubt that the recent warming standstill is a real event of crucial climatic importance? –David Whitehouse, The Global Warming Policy Foundation, 24 January 2013"