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.
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