Volt Birth Watch 51: Your Tax Money Hard at Work– for GM
The price for the 2010 Chevy Volt has been going up. Once pitched as a direct Prius competitor, the mostly-electric Volt is now expected to sticker for around $40k. Not kosher, as Toyota's hybrid stickers just north of $22k. Automotive News reveals the General has a plan: make you pay for it. No, not "you" as in Volt customers– "you" as in American taxpayers. GM is hoping to get a $7K tax credit for "extended-range electric vehicles." That would put the plug-in electric – gas hybrid Chevy Volt's price within spitting distance of the Prius' Monroney. I guess when Slick Rick stated "w e want to bring the Volt to the market in 2010 at a price of less than $30,000," "we" meant GM and the taxpayer. (Of course, when he said "we want to make money on the Volt from the beginning," the taxpayer was nowhere in that picture.) As for product readiness, an unnamed source says "We still have a lot of development and testing to go." Let's hear it for representative democracy.