Wednesday, August 13, 2008

GM Will Provide Electric Cars Soon or Die

OK, you gotta keep your old clunker running 2-3 more years until the GM Volt is released.

Current estimates have the Volt going about 40 miles before a little gas engine kicks in to increase range. Five more years of battery development will increase range enough to wean us from gas entirely.

As we all have hoped, technology will get us out of this mess, and please note that the free market economy is what encourages innovations. Government incentive programs should be used sparingly. Case in point, the laws that encouraged ethanol production have affected food prices. It's hard to predict unintended consequences, and the free market is smarter than any of us.

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