2012 Chevrolet Volt (Photo : GM)
Electric car buyers might enjoy an extra $10,000 off from getting a Chevy Volt or its likes, if the Congress approves the new bill to increase government subsidies for new-technology vehicles.
According to a budget documented titled “Investing in Our Future”, the administration has the goal of reaching one million “advanced technology vehicles” on the road by 2015. A simple calculation - $10,000 per buyer multiplied by one million vehicles – would total $10 billion from taxpayers.
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Currently, each Chevy Volt buyers are receiving $7,500 rebate, which means the new bill would increase the amount by 33 percent.
While Daily Caller reported that this plan will be welcomed by populist protests from GOP legislators as well as blue-collar auto-industry workers, some have expressed concerns.
Pennsylvania Republican Representative Mike Kelly told The Daily Caller that “it’s not a good investment, and there’s no positive return on it,” citing that the Chevy, even with $7,500 incentive, sold only 7,671 Volts in 2011, falling behind their target of 10,000.
The GM CEO Dan Akerson told the Associated Press that the Chevy Volt owners are also among richest people in the country, with average income of around $170,000 per year. Cadillac owners have an average income of $130,000, Lexus owners have $141,000, BMW owners have $170,000, and Mercedes owners have $174,000.
Could new Chevy Volt buyers get $10,000 off from their purchase, and could this improve the country’s progress on selling more electric cars?
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