Auto Service World
News   May 27, 2008   by Auto Service World

GM seeks tax break for upcoming Volt

With the Chevrolet Volt looking to make a debut in November 2010, reports have surfaced that General Motors is lobbying the U.S. Congress to offer a tax credit on the electric vehicle.
The proposed tax break could take off as much as US$7,000 from the Volt’s retail price, according to Automotive News.
“The whole story on pricing is still a work in progress,” said the unnamed source in the story. “Absent some sort of tax incentive, a $30,000 price is not likely.”
While a possible price break may be welcome news to car buyers, the Volt might still be a money-loser for GM.
“We’re now talking to the board about a lot of programs where it could be years before we make a dime on it,” said Bob Lutz, product chief with General Motors.

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