In 2006, Chevy Volt program started. Since then, General Motors’s goal is to present the range extended electric vehicle for just $30,000 price point. A high-volume sale of electric cars is seen with such price offer. However, lithium ion batteries stay extremely too costly for it to be sold at such price with profit. That’s why GM states that they anticipate Chevy Volt to be unprofitable in the early years of production. Domestic automakers can only go no further in promoting the car because of the certain financial difficulties.
To get a help in making Chevy Volt sufficiently funded to lessen the financial burden of both the manufacturer and consumers, GM is encouraging the Congress to pass a law removing the tax for plug-in vehicles. For a time now, debate about tax credits for plug-in hybrids is on-going in Congress. The ER-EVs want to be especially included in the credit by GM. $7,000 for the purchase is likely to be the target point.
The $30,000 price will not be possible unless the tax credits are successfully passed by Congress and likewise the White House, said by GM sources mentioned by Automotive News. Last week, the House of Representatives have already passed a bill that incorporated PHEV tax breaks. However, White House has declared a refusal.
The said tax breaks will definitely not progress. Well, let’s just wait probably early next year for the new president.
