Among 116 electric cars that the Obama administration intends to buy with taxpayer money, 101 will be Chevy Volts. The program will also include installing charging stations in San Francisco, Detroit, Los Angeles, San Diego and Washington, D.C.According to USA Today, "The moves are mostly symbolic to show the government is doing its part in trying to reduce America's dependence on oil." The electric cars are projected to save taxpayers a total of $116,000 in fuel costs-presumably annually. USA Today did not specify.With Volts currently priced at $41,000, what net "savings" will taxpayers realize? The General Services Administration did not reveal the actual price at which GM will sell the Volts to Obama. But we can make reasonable assumptions.Most buyers of electric vehicles qualify for a federal tax credit of $7,500. Let's allow that Obama's people are persuasive enough to negotiate a unit purchase price of $41,000 - $7,500, or $33,500. And let's be charitable and...(Read Full Post)