The Volt Is Dead, Long Live the Volt
News that General Motors (NYS: GM) is idling its Chevy Volt plant shouldn't come as much of a surprise. In the short run, the electric car hasn't lived up to the high expectations that have bubbled up over the past few years. That doesn't mean electric cars are failures. In fact, despite the idling -- a temporary five-week shutdown -- GM's Volt sales improved markedly in February after a disappointing January.
The cars aren't perfect, and the technology isn't fully mature. But the Volt is only one early entry in what's likely to soon become a crowded field. The last thing the electric car needs is more hype, but that's something every transformative technology succumbs to in its early adoption phase. In the long run, cautious optimism is the best attitude to adopt while waiting for the electric car to take off.
Counting Your Plugs Before They're Charged
The sad truth is that any technology attempting to move us away from fossil fuel becomes a political football to be punted around. Plug-in electric cars are one glaring example, but hybrid vehicles were no exception. Here are a few comments that could apply to either the Volt today or the Toyota (NYS: TM) Prius a decade ago. Try to figure out which quote is referring to which car.
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