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GM looking for Volt tax break to bring cost below $40k
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Posted on
May 28 2008 7:41 AM
by
Asif
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GM is working hard to produce a game-changing electric vehicle for the masses, but the General's precarious cash flow situation, coupled with the high cost of development, is conspiring to the push Volt's retail price to around $40K at launch. In an effort to mitigate this particular issue, GM is lobbying Congress to bring tax breaks to Volt buyers, and company insiders say the breaks could be on the order of $7,000 per vehicle. GM is also working to insert the words "extended-range electric vehicles" in any legislation, to make sure any other vehicle with the Volt's capabilities can reap the same benefits.
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