2011 Chevy Volt may be Eligible for Tax Credit
There have been several exciting green motoring news announcements from Chrysler, BMW, Mercedes-Benz and of course General Motors. Details and photos of the 2011 Chevy Volt were released with much fanfare as General Motors celebrates its 100-year anniversary. Today, Harry Stoffer of Automotive News Europe is reporting that future buyers of the Chevy Volt may be eligible for up to a $7,500 tax credit.
From the Automotive News Europe article:
“The U.S. senate Tuesday evening passed a complex and wide-ranging tax bill, covering everything from extension of credits for wind energy producers to expanded exemptions from the alternative minimum tax.â€
Credits for plug-in electric vehicles would range from $2,500 up to $7,500 and Stoffer reports that the Chevy Volt would likely be eligible for the full $7,500 tax credit. Understanding the ever-changing technology, Congress is looking at expanding the original hybrid car tax credit guidelines by implementing new credits for vehicles utilizing newer and cleaner technology.
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[...] week, Automotive News Europe reported that future owners of the Chevy Volt might be eligible for a tax credit of up to $7,500. When a consumer looks at the likely $40,000 plus price tag, this is definitely [...]