Chevy Volt gets $5,000 Tax Credit

The US Federal Government gives each new hybrid a tax credit of varying amounts – depending on a number of factors.  House Resolution 6899 contained a sneaky little provision granting purchases of the Chevy Volt a whopping $5,000 tax credit.  That is, to my knowledge, the largest tax credit available for any vehicle.  I personally would have liked to see it even higher – I badly want the Volt to succeed.   However, the Feds just gave the American public five thousand great reasons to buy a Volt.  Score one for GM. 

Published on September 18, 2008 in Chevrolet,Electric Cars