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Bailout To Make Chevy Volt $7500 Cheaper

By Evan Ackerman

With the Chevy Volt‘s price going up just about as fast as its looks (and some specs) were toned down (okay, okay, for good reasons, but still…) here’s a bit of good news: In its infinite wisdom, the U.S. Congress has seen fit to include a tax credit of up to $7500 to future Chevy Volt owners along with the totally wicked awesome (or something) $700 billion bailout package. The sliding credit starts at just over $4100 for plug-in cars with 4 kWh batteries, but the top end $7500 is likely to only be seen by people who buy a Volt, with its 16 kWh battery. The Toyota Prius, with a measly 1.3 kWh battery pack, doesn’t come close.

Disappointingly, the Aptera Typ-1e, with its 10 kWh battery, is not technically an automobile (it’s only got 3 wheels, after all) and therefore does not get any tax breaks at all, which could put the $30,000ish space fighter on par with the $40,000ish – $7500 Volt. It’s gonna be an interesting next few years in the hybrid electric car market, that’s for sure… Maybe I’ll win the lottery and be able to get a piece of it myself.

[ DailyTech ] VIA [ CrunchGear ]







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  • mcman

    Two things will cheapen up these cars:

    1. Consumer demand
    2. Competition

    3. Made by 8 yr old Chinese kids for a dollar a day.

  • http://apteraforum.com nate

    Where are you getting the idea that the tax break applies only to “automobiles?”

    http://apteraforum.com/showthread.php?t=1581&pa

  • http://www.crossomotive.com Crossomotive

    I heard that the top speed has been increased. I just hope that this Chevy right here could save GM from dropping sales.

  • http://www.crossomotive.com Crossomotive

    I heard that the top speed has been increased. I just hope that this Chevy right here could save GM from dropping sales.

  • http://www.crossomotive.com Crossomotive

    I heard that the top speed has been increased. I just hope that this Chevy right here could save GM from dropping sales.