Chevy Volt price tag for the U.S. Taxpayer far higher than originally thought
A newly-released study from the libertarian-conservative Macinac Center in Michigan finds that the actual cost, when subsidies are included, of production of the Chevy Volt is upwards of $250,000 a vehicle. You read that right.
From MichiganCapitolConfidential.com "Chevy Volt Costing Taxpayers Up to $250K Per Vehicle":
Each Chevy Volt sold thus far may have as much as $250,000 in state and federal dollars in incentives behind it – a total of $3 billion altogether...A Michigan Republican State Rep. had this to say:
[The] analysis included 18 government deals that included loans, rebates, grants and tax credits. The amount of government assistance does not include the fact that General Motors is currently 26 percent owned by the federal government.
“It just goes to show there are certain folks that will spend anything to get their vision of what people should do,” said State Representative Tom McMillin, R-Rochester Hills. “It’s a glaring example of the failure of central planning trying to force citizens to purchase something they may not want. … They should let the free market make those decisions.”
Related Articles:
-
With rising gas prices comes innovation. In our day and age technology allows us to think... Read Full Story » -
Chevrolet's latest cool advertisement for its Volt hybrid car has a serious warning about using... Read Full Story » -
While the Obama administration is proposing a tax credit increase from $7,500 to $10,000 on... Read Full Story » -
The explosion that occurred on Wednesday morning at the General Motors Technical Center in... Read Full Story »
Comments
