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The Government Bailout Goes Green

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Chevy Volt

I know this isn’t a political blog, so I’m going to refrain from talking about how I think the bailout is the worst idea in the history of ever, or how there’s more pork in it than there is in a sausage factory. What I will say is that if you’re looking to buy a green vehicle, the bailout might just save you $7,500.

In an effort to promote eco-friendly technology, lawmakers decided to offer a massive $7,500 tax credit to anyone who purchases a car that meets the standard of having a 4 kWh (or larger) battery. Right now, the only car that meets those standards and is close to hitting the market is the Volt. Ideally, other car manufacturers will follow suit and start producing earth-friendly autos en masse.

Currently, the cost of a Volt is said to be $40,000. With the $7,500 tax credit incentive taken into account, the Volt will set you back $32,500…hopefully as more people are able to afford them, you’ll start seeing more of ‘em on the road.

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- who has written 73 posts on BeGreenMinded.com.


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One Response to “The Government Bailout Goes Green”

  1. Mike Harmon says:

    I finally decided to write a comment on your blog. I just wanted to say good job. I really enjoy reading your posts.

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