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.
GM wants $7k Tax Credit for Volt
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{ 2 comments… read them below or add one }
They should give a 10K tax credit. The Volt should sell more and GM a major employer of workers in America might not go under.
I’d be surprised to see such a high credit, but I would support it. GM has made some really awful decisions over the years, but the Volt could pretty much turn it around at once.