$30k not likely for Chevy Volt with out tax credits

omarrana submitted on 05/27/2008 Official AutoSpies Timestamp: 10:11 AM
from: www.egmcartech.com

Tags: Chevrolet Volt

Chevrolet Volt

$30k not likely for Chevy Volt with out tax credits

This Volt pricing topic is getting a bit annoying now. Just last week Forbes reported that GM CEO Rick Wagoner said that the Volt could cost less than $30,000 when it hits the market in 2010. Sources are now saying that they still expect pricing to be around $40,000 unless Congress helps out with tax credits.

GM is current lobbying Congress to create tax credits that benefit ‘extended-range electric vehicles.

“We need to make sure the legislative language does include extended-range electric vehicles,” said GM spokesman Greg Martin.

According to a source familiar with the program, some proposals for tax credits could knock off at least... Read Article

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hatepusss - 5/27/2008 12:24:32 PM

+1 Boost

GM is on crack for asking more than $6,999+ in tax incentives.

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w209w114 - 5/27/2008 1:43:28 PMView My AgentSpace

+1 Boost

Dont be so sure of that. Maybe they are just high-balling it.

Spectator - 5/27/2008 2:10:05 PM

+1 Boost

$7,000 in tax incentives is nothing for congress to spend. Especially for such a limited edition vehicle. California legislature gave breaks for the Prius and this is just a drop in the bucket compared to what congress is currently subsidizing for E85.

I could very well believe this car could give you a refund.

Remember congress does stupid things and wastes money all the time. Remember a few years back when doctors and lawyers were buying Hummers because their gross weight qualified them as comercial vehicles and said doctor and lawyer were able to deduct the entire cost the first year.

Tell me that was a brilliant legislative idea.

Peyton18 - 5/27/2008 7:07:30 PM

+1 Boost

I don't know or care...but GM won't be able to make enough for them for years.

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ceric - 5/27/2008 7:16:21 PM

+1 Boost

How well GM can sell Volt depends on the gas price when it eventually comes out...

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