The higher the number, the greater the government’s justification for compelling polluters to reduce the emissions that are dangerously heating the planet. During the Obama administration, White House economists calculated the social cost of carbon at $42 a ton. The Trump administration lowered it to less than $5 a ton. Under President Biden, the cost was returned to Obama levels, adjusted for inflation and set at $51.
The new estimate of the social cost of carbon, making its debut in a legally binding federal regulation, is almost four times that amount: $190 a ton.
A close relative of mine has one, so I can speak specifically to my problems with it. It’s a tin can and feels it every time you open or close a door, let alone when you use the interior compartments. It doesn’t have power nor heated seats and the manual adjustments are frustrating at best, and the cloth doesn’t clean easily from children’s snacks. Also, it makes a high pitched noise inside the cabin at low speeds that’s absolutely aggravating. Finally, the “trunk” is smaller even than another relative’s Mazda3 Hatch, even including the compartment underneath the main area in the Bolt. It cannot fit four carryon sized suitcases and maintain rear visibility.
None of those issues have anything whatsoever to do with it being a EV. It’s a GM product deep into the economy price bracket, and you’re complaining about a lack of power seats or cheap sounding door closure? It’s a cheap car, it’s no surprise that cheap cars lack in luxuries.
Being a cheap car is kind of the point though. There are family friendly 4 door EVs in most new car buyers’ price brackets, from cheap hatchbacks to the fastest super cars and almost everything in between.
Not all cheap cars lack in luxuries let alone normal things like space for luggage; bad cheap cars do which is why I keep harping on the Bolt in particular. There are good electric vehicles out there, I’m sure, they’re just not in every price range, as an average new car price of $40k is beyond what most people can actually afford when inflation’s been hammering their food and housing expenses. The Bolt’s niche, at roughly $20k after tax credits, means it’s competing with lightly used Civic/Corolla/Mazda3 vehicles, all three of which are much better cars overall, and have decades of reliability. If you can’t depend on a Bolt and it feels cheap when it works perfectly, what working class person is going to want one?
Now we are comparing used cars to new ones? It has always been the case that you get more for your money with a used car than a new one, it’s nothing new.
In any case, these are all just niggly complaints if I’m being honest. It’s far nicer and more spacious than the average family would choose in most of the world outside America. It’s a perfectly adequate car for most families.
We often see this straw man argument that standardizing on electric cars in the future will make it impossible for people to afford to drive. The Bolt shows there is a future for the economy segment with EVs.
You must have GM stock to love the Bolt this much, it’s unbelievable otherwise that somebody would invest so much energy in such a bad product. The Bolt is a terrible car compared to other cars, plain and simple. It’s barely passable to drive, has a history of rather fatal flaws (two recalls for fire seems like more than most people want), and it has almost no space for luggage/shopping. It works great for short trips in a city without kids in tow, assuming you define great as getting from Point A to B.
A Bolt is the Spirit Airlines of cars, cheapened at every level and miserable to experience, but sure, it could work. It’s an illusion of progress, and most of what it does efficiently could be replaced by electric bikes. For anything else, it’s a poor substitute for a good car, ICE or EV. Now, could there be a good EV in that niche? Absolutely, but it’s running up against competing interests, affordability for the 99% versus fair wages for the workers building the thing. It can’t be a great car, it’s too cheap and has too much money wrapped up in its powertrain to be great on its own merits, but it could be much, much better, inside and out.
It doesn’t need to feel so cheap, that’s the MBA set dictating the corner cutting to eke out every cent of profit. Like I said in another comment, my first car was a base model Tercel, so I have a good idea of what a car can feel like even when built on the cheap. The Bolt doesn’t even hit that level of quality, and a Tercel isn’t exactly a luxury vehicle. But don’t believe me, go test drive a base model Civic or Mazda3 and then a Bolt. You’ll immediately notice the difference in everything you touch and see inside, let alone when you open the trunk/hatch to see the available space. But hey, I’m just a guy ranting on the Internet, having driven hundreds of thousands of miles in Toyotas, Hondas, Mazdas, and oh, right, some very unfortunate time in a Bolt.
I want a better economy car that’s an EV; I’d love to have better options. The current offerings just aren’t there yet, and there’s little reason to think they will get there when the motivation is profit instead of the planet.