“The oversupply of Volts suggests that consumer demand is just not that strong for these vehicles,” says Lacey Plache, Edmunds chief economist. Plache notes that high price is a drawback. “The price premium on the Volt just doesn’t make economic sense for the average consumer when there are so many fuel-efficient gasoline cars available, typically for thousands of dollars less.”
It’s the economics of the car, stupid. Yes Secretary Chu and Team Obama: I mean you.