Portland State University.. deemed to require radical new “Urban Redevlopment District”? Urban Renewal is a favorite Crony Government Public/Private partnership system… A real favorite with the Progressive crowd in Portland. What can’t make sense in the private sector, makes perfect sense when government becomes a partner and uses other people’s money to finance bizarre schemes. Click to read more. This is just another abuse of power and influence that has turned Portland into a cesspool of special interests that dine on the carcass of taxpayers held ransom by a local government that prides itself as a model for insider fueled crony capitalism.
Ignore the politics of this for the moment, just consider the economics. Is the Volt cost effective? You judge, but take all costs into account. Perhaps the administration’s ideology blinds them to the reality of the situatioin? Or maybe they all need a year of remedial arithmetic? Or just maybe the Cronies involved who kickback to the Obama campaign fund are occupying that favored status that Obama bestows on those who “understand” the way things work in leftist regimes?
FIRST GOOD ESTIMATES OF RUNNING A CHEVY VOLT —-
Cost to operate a Chevy Volt
Eric Bolling (Fox Business Channel’s Follow the Money) test drove the Chevy Volt at the invitation of General Motors.
For four days in a row, the fully charged battery lasted only 25 miles before the Volt switched to the reserve gasoline engine.
Eric calculated the car got 30 mpg including the 25 miles it ran on the battery. So, the range including the 9 gallon gas tank and the 16 kwh battery is approximately 270 miles. It will take you 4 1/2 hours to drive 270 miles at 60 mph. Then add 10 hours to charge the battery and you have a total trip time of 14.5 hours. In a typical road trip your average speed (including charging time) would be 20 mph.
According to General Motors, the Volt battery hold 16 kwh of electricity. It takes a full 10 hours to charge a drained battery. The cost for the electricity to charge the Volt is never mentioned so I looked up what I pay for electricity.
I pay approximately (it varies with amount used and the seasons) $1.16 per kwh.
16 kwh x $1.16 per kwh = $18.56 to charge the battery. $18.56 per charge divided by 25 miles = $0.74 per mile to operate the Volt using the battery.
Compare this to a similar size car with a gasoline engine only that gets 32 mpg.
$3.19 per gallon divided by 32 mpg = $0.10 per mile.
The gasoline powered car costs about $15,000 while the Volt costs $46,000. So Obama wants us to pay 3 times as much for a car that costs more than 7 times as much to run and takes 3 times as long to drive across country, one that is being produced and promoted by his Cronies with our own diverted taxpayer dollars.