Well, to sum it up: Pretty suckie.
No one wants them. Consumer Reports panned them big time. They don't heat in the winter and don't cool in the summer. And they only qualify as an "electric car" if you really, really use your imagination.
LINK[blockquote]Recently, President Obama selected General Electric ( GE - news - people ) CEO Jeffrey Immelt to chair his Economic Advisory Board. GE is awash in windmills waiting to be subsidized so they can provide unreliable, expensive power.
Consequently, and soon after his appointment, Immelt announced that
GE will buy 50,000 Volts in the next two years, or half the total produced. Assuming the corporation qualifies for the same tax credit,
we (you and me) just shelled out $375,000,000 to a company to buy cars that no one else wants so that GM will not tank and [will be able to] produce even more cars that no one wants. And this guy is the chair of Obama's Economic Advisory Board?[/blockquote]
If that doesn't piss you off as a taxpayer I don't know what will.