GM wants $7k Tax Credit for Volt

However, if John McCain becomes the next president ( unlikely at this point ), he’ll push for a $5k credit.  I’d love to see a big, fat tax credit on the Volt, since the MSRP keeps spiraling upward as the deadline approaches.  If GM wants to actually sell any of these cars, a big tax credit will be crucial.  $5k wouldn’t hurt by any means, but $7k would be fantastic.  $40k – $7k tax credit = $33k.  Still a ton of cash for the Volt, but more realistic to the average Joe.

Published on June 24, 2008 in GM

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