Bailout To Make Chevy Volt $7500 Cheaper

Evan Ackerman Avatar
Evan Ackerman Avatar

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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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