Bailout Package Includes $7,500 Tax Break For Future Chevy Volt Owners

Illustration for article titled Bailout Package Includes $7,500 Tax Break For Future Chevy Volt Owners

If the future dashboard and GPS-assisted engine weren't incentive enough to consider picking up a Chevrolet Volt in 2010, Congress has gifted future owners with an added bonus: a $7,500 tax break passed as part of last week's bailout package. The credit applies to any vehicle with a battery rated at 6kWh or higher, placing it far enough in the future for the auto industry to swallow, I guess; the Prius's 1.3kWh battery doesn't qualify. [Daily Tech via Crunchgear]

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DISCUSSION

newgalactic
newgalactic

I personally love the looks of the new Volt, but $40,000 is pretty steep (even with the $7500 rebate).

What will happen? Toyota will update their battery, making them eligible for the rebate. And a manuel transmission bare-bones Civic will still get the most fuel-economical bang for the buck. Nothing will change. Japanese will rule the hybrid market.