Senate Approves $7,500 Tax Credit for Chevy Volt Buyers
Ridelust covers the greener side of lobbying:
Yesterday, the United States Senate passed a new bill that will provide tax credits for plug-in electric vehicles, allowing GM to successfully achieve their goal of obtaining a $7,500 tax credit for Chevy Volt buyers.
According to the new piece of legislation, tax credits for plug-in buyers will start at $2,500 and extend all the up to $7,500 for light-duty vehicle – with Volt buyers being eligible for the maximum allowance.
Here’s Uncle Sam’s plan for his lambs during the next couple of years:
1) Take your money to finance bailout package.
2) Give money back if you buy a plug-in Chevy.
Despite the fact that the legislation is slated to benefit GM most, it has its heart in the right place. We need to go green, well, yesterday.