Yes, Cheap Gas Is Killing The Electric Car

John Byrne
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Image source: Kārlis Dambrāns, Flickr.

GE’s electric-hybrid Chevy Volt is doing worse than you think.

GM has enough Volts already built to supply dealers for 210 days, according to Ward’s Automotive; a 60-day supply is considered ideal.

GE, the automaker once famed for “Who Killed the Electric Car,” is sitting on seven months of unsold Volts, according to an automotive news service — 3.5 times the typical inventory for a production car, signs the Volt is doing an utter nosedive. Notes the Detroit News:

GM has enough Volts already built to supply dealers for 210 days, according to Ward’s Automotive; a 60-day supply is considered ideal.

“First-generation Volt will stop building at the very end of May to get ready for model change,” GM spokeswoman Michelle Malcho said.

The Volt is assembled at GM’s Detroit-Hamtramck Assembly Plant. Production of the Volt will be idled for about six weeks before production begins on the new Volt, but it will take a significant period to ramp up production before vehicles start shipping. At least the first month of production will be shipped and sold in California — around September. The plant will continue to produce other models during the period and builds the Chevrolet Malibu, Chevrolet Impala and forthcoming Cadillac CT6 among other models.

Quips Jalopnik: “Sales of the Volt have declined every year since 2012, and are down 48 percent for the year so far. Not ideal.

“Of course, these falling sales have a lot to do with the sudden drop in gas prices that has made consumers want more SUVs and fewer small hybrids.”

We agree.