Bloomberg: Fossil Fuel Subsidies 12X Support for Renewables

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Bloomberg: Fossil Fuel Subsidies 12X Support for Renewables

Postby Kevin » Mon Aug 02, 2010 8:36 pm

Fossil Fuel Subsidies Are 12 Times Support for Renewables, Study Shows ... shows.html

"Global subsidies for fossil fuels dwarf support given to renewable energy sources such as wind and solar power and biofuels, Bloomberg New Energy Finance said.

"Governments last year gave $43 billion to $46 billion of support to renewable energy through tax credits, guaranteed electricity prices known as feed-in tariffs and alternative energy credits, the London-based research group said today in a statement. That compares with the $557 billion that the International Energy Agency last month said was spent to subsidize fossil fuels in 2008.

'One of the reasons the clean energy sector is starved of funding is because mainstream investors worry that renewable energy only works with direct government support,' said Michael Liebreich, chief executive of New Energy Finance. 'This analysis shows that the global direct subsidy for fossil fuels is around ten times the subsidy for renewables.'

"Countries from the U.S. and Germany to Brazil and China are trying to boost power derived from crops, the wind and the sun in order to lower emissions of greenhouse gases while increasing the security of energy supplies. The Group of 20 nations a month ago renewed a commitment to phase out fossil fuel subsidies 'over the medium term.' No target date was set..." ... shows.html
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Chevrolet Volt, Meant to sell Gas Cars?

Postby Ed Ziomek » Fri Aug 06, 2010 2:50 am

Kev... With your information about the subsidizing of fossil fuels, 557 billion to 46 billion for renewables, I cannot help but think the Chevy Volt, priced at $33,000 base price (after 7500 rebate), the $40,000 "green car", is meant to steer people to buy gas cars.

And it only gets 40 miles of run time, before a gas engine kicks in. ... ral_motors

The Toyota Prius gets 50 mpg, and starts in the $25K range.

Doing the math, $10,000 difference, divided by $3 per gallon of gas, 3,333 gallons. 50 miles per gallon, it would take 166,000 miles to equal the Prius in cost? Even my math is probably wrong, but you get the point. The Volt is cost prohibitive, and I think that is the point.

Half step forward, 2 steps back, who wants a $40,000 semi gas vehicle in their garage? I hear the neighbors already, "Why did you pay so much, how many years of driving before you think you have made it worth your while?"

It's like the oil Gods are giving every reason in the world not to buy an electric car, at the same time they wave their Green flags.
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Postby Kevin » Fri Aug 06, 2010 10:25 am

Have you seen what kind of gas mileage is the Volt expected to get when it's running on gasoline, after the battery charge is depleted?

At $40K, it does seem like a bit of a stunt, more than a product expected to sell well. I have a hard time not giving them some credit for starting (over again) somewhere. Maybe that just means it's really effective as a greenwashing/distraction strategy?
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- forum abuse warning - loan, with a car thrown in?

Postby Ed Ziomek » Sun Aug 08, 2010 8:15 pm


There may be method in the madness of the Volt pricing and marketing.

You remember GMAC financing. I am just thinking that this inflated price, of $40k pricetag for the car, with a $7500 rebate, may be a clever back door financing deal from Chevrolet.

Plausibly, here is the deal. You buy the car at an inflated price but relatively low interest rate. You get the $7500 cash back to payoff other ridiculously high credit card debts.

Thus you have a single payment at low interest rate while you have ridded yourself of the outlandish credit card interest rates of other previous debts.

Not too clean, but it sounds like a - forum abuse warning - purchase of a Green car.

And the buyer gets rid of some of his previous debt, at a lower interest rate.
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Postby cousinbirgco » Sun Aug 15, 2010 8:40 am

Think the car has huge potential but it may be some time
before the verdict is in............ and if the technology catches
on, mass production should result in a more affordable vehicle.

Chevy Volt: Everything You Need to Know
By: Nick Mokey •August 5, 2010

Chevy Volt: From gas mileage and electric range to price and availability, here’s everything you need to know about the upcoming electric car from GM.

The first mainstream electric vehicle to hit American roads is almost here. After years of incubation, GM will begin selling the long-awaited Chevy Volt in November of this year. The company has been hyping the concept since all the way back in 2007, when its raked-back stature and muscular body lines suggested “green” cars didn’t have to look like wedges with wheels – and they could come from America, too. Time and concessions to safety, space and practicality have morphed the once-edgy Volt into a blocky sedan not unlike the Prius in its production form, but the post-pregnancy car retains its central promise: alleviating the need for gas entirely, as long as you don’t need to go far. Will the Volt serve as the first stepping stone to independence from oil, or is it destined to become yet another EV-1?

Decide for yourself with our quick guide to all the essential facts on Chevy’s upcoming Volt.

How is the Volt different from a Prius, or any other hybrid on the road today?

Two major design features set the Volt apart from anything else in mainstream dealerships today: It’s a plug-in hybrid, and it uses electric drive exclusively.

Unlike the Toyota Prius or any of the other cars we typically think of as hybrids, you can plug the Volt in at home to top off the batteries, then drive short distances without ever having to fire up the engine. For folks with short commutes, that means complete autonomy from gas, rather than just improved gas mileage.

More significantly, from an engineering standpoint at least, there is no mechanical connection between the engine and wheels: Even when the batteries run low and the engine kicks in, it only acts as a generator, supplying electricity to the motors that physically drive the car. It’s an electric car with an engine to extend range, not a gasoline car with electric motors to improve efficiency.

Where do I plug it in to charge it?

You can plug the Volt into the standard 120-volt outlet you probably already have in your garage – the same one you would use for a radio, a shop vac or a toaster, for that matter. Or, for a faster charge, you can hook the Volt up to 240 volts, like you would with a washer and drier. Not just any 240-volt outlet will do, though: You’ll need to purchase a special charging station that will need to be hard-wired into your house’s circuit breaker, rather than just plugged into an available outlet. Chevy hasn’t yet announced pricing or availability for this type of charger, but it’s likely more than one company will make them.

The plug for the Volt won’t look like one for any other appliance: It looks more like a gas pump handle than a plug. The standard is called SAE J1772, and it’s the same type of plug every new electric car will use.

How long will it take to charge?

Chevy claims you can fully charge the Volt in 10 hours from a 120-volt outlet, or as little as four hours using the aforementioned 240-volt charger.

How far can it go without using gas?

Forty miles. Obviously, factors like weight in the car, driving habits, whether or not you run the air conditioning and even extreme temperatures will whittle that down.

So how many miles per gallon does it get?

There’s a short answer, and a smart answer.

Short answer: 48 miles per gallon.

Smart answer: It doesn’t make sense to measure the Volt in miles per gallon. Measuring in miles per gallon made sense when all cars – including other hybrids – used gasoline as their sole source of energy, but it’s not a meaningful metric to apply to a car that can be plugged in and driven for up to 40 miles without any gas at all. Hypothetically, you could plug in the Volt every night, drive short distances every day, and put on 100,000 miles without burning a drop of gasoline. On the other end of the spectrum, you could also be too lazy to ever charge it, drive it like any other hybrid, and get 48 miles per gallon. Real-life fuel economy, measured over a tank of gas or even the life of the car, will vary completely based on how often you’re able to charge it and how far you drive.

How much will it cost?

The Volt will cost $41,000 off the showroom floor, but a $7,500 federal tax rebate will bring that price down to $33,500. You’ll also have the option of leasing it for $350 a month for 36 months. Some reports indicate that dealerships could significantly mark up the Volt due to low numbers at launch. contacted one dealer in California in hopes of preordering, only to find that it would mark up the Volt by $20,000.

When will it be available?

The Volt will begin showing up November 2010, but only in California, the Washington D.C. metro area, Michigan, Texas, New York, New Jersey and Connecticut. GM only plans to produce 10,000 the first production year, and nationwide availability won’t happen until late 2011. The 2012 model year should be much easier to get your hands on: GM has already announced it will ramp up production to 45,000 for that year.
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