Thursday, May 29, 2008

No Volt For Under $30k (Probably, That Is)


You may have read our story the other day about an electric car from GM, possibly the Volt, that was supposed to available for under $30,000 and before 2010. Well, we hate to be the party poopers, but it isn't going to happen, at least not without Congress's help.

AutoblogGreen reports that to make the car "less financially painful" for the automaker and the customer, a tax break from Congress would be needed. Ideally, the tax break would need to be about $7,000. There has been a debate for a while to make a tax credit for plug in hybrids, and just last week the House Of Representatives passed a plug in hybrid tax credit bill, but the White House is expected to veto. Hopefully, something will happen when there is a new President next year.


Link: AutoblogGreen

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