Obama wants to own a Chevy Volt when term ends “5 years from now”

Article by Anita Panait, on February 29, 2012

The Chevrolet Volt found a new fan in the person of the highest official of the United States of America, President Barack Obama. Of course the electric plug-in Volt is not the type of car a president should ride for security reasons, but Obama said he will gladly buy a Volt when his term ends. Speaking at a UAW conference on Tuesday, Obama said he enjoyed the feel of the Volt when he rode one while touring a Chevrolet assembly plant in Detroit in 2010.

Obama, however, has to get the permission of his security, the Secret Service, or wait for the end of his term before he could ride one. “I'll bet it drives real good,” Obama said, adding “Five years from now when I'm not president anymore, I'll buy one and drive it myself."

From his speech, it seems Obama is confident he would be given a second four-year term after the votes are counted in the upcoming November 6 presidential election. Obama centers his re-election campaign on the successful bailout of the auto sector, particularly General Motors, Chevrolet’s parent, and Chrysler, now run by Italian carmaker Fiat SpA. The Obama administration approved more than $2 billion in funds to help develop battery systems for electric cars, which includes the $40,000 Volt.

Since the Volt is a fuel-efficient vehicle, thanks to a hybrid power source of a rechargeable battery and a gasoline-powered electric generator, its buyers qualify to get a $7,500 tax credit for every vehicle they buy. The car’s battery had been the center of a probe and was a political controversy in January, when some Republicans accused the administration of hiding the Volt’s battery fire risks from the public. GM CEO Dan Akerson, who himself drives a Volt, defended the Volt and said the car had become a "political punching bag."

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