Marc de Piolenc <
[email protected]>wrote:
> From Bloomberg:
>
> "President Barack Obama's administration has bought almost a fourth of
> the Ford Motor Co. and General Motors Co. hybrid vehicles sold since he
> took office, accelerating federal purchases as consumer demand wanes.
> The U.S. General Services Administration, which runs the government
> fleet, bought at least 14,584 hybrid vehicles in the past two fiscal
> years, or about 10 percent of 145,473 vehicles the agency purchased in
> that period, according to sales data obtained by Bloomberg under a
> Freedom of Information Act request. In fiscal 2008, hybrids accounted
> for less than 1 percent of government purchases, the data showed. The
> government is boosting investment in a technology that has failed to win
> broad acceptance after more than a decade in the marketplace. Consumer
> sales of hybrids are headed for their third consecutive yearly decline."
>
> Ain't it great? The car companies don't feel they need any market
> feedback - all they have to do is produce what the government tells them
> to, and they're guaranteed at least a token level of sale, and the
> security of their "green" credentials in the bargain.
>
> And guess what happens in five years. That's right - most of those
> vehicles "sold" to the taxpayers will hit the surplus auctions (maybe
> sooner, if they get the kind of abuse that I expect). That will pretty
> well kill any real market that hybrids may have at that point. Jobbers
> will buy them up for peanuts, cannibalize them, fix them up and dump
> them on the market...and soon, there won't be any new vehicle sales to
> speak of.
>
> I was wrong about quasi-religious advocacy killing electrics this time
> around. This time, it's the government that will kill them in the name
> of going green.
>
> The only good thing about all this is that those consumers (mostly fleet
> operators, I expect) who really WANT electrics and hybrids will have to
> go to private converters and restorers. Some of the people on this list
> will do well.
>
> Marc
> --
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>
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