(WASHINGTON) – Oversight and Government Reform Committee Chairman Darrell Issa (R-CA) today released the following statement regarding GM’s announcement that it was temporarily suspending production of the “Volt” automobile:
“Even as gas prices continue to climb, President Obama’s attempt to manipulate the free market and force consumers into purchasing electric vehicles like the GM Volt has failed despite the use of taxpayer dollars to prop up production. Now some 1,300 workers will pay the price for this misguided experiment.
“Domestic energy production remains underutilized because of President Obama’s campaign to pursue ‘green’ energy and projects, and shift away from traditional energy sources. These decisions have hurt our economy and slowed our recovery.”
Information about the Committee’s previous reports and hearings regarding the Volt is available here and here.