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Colorado buyers of Chevy Volt eligible for $13,500 in tax credits

Colorado residents who purchase or lease a new Chevrolet Volt are eligible for a state tax credit of up to $6,000 in addition to a federal tax credit of up to $7,500 for a total price reduction of as much as $13,500.

Colorado is one of a number of states that is offering a state tax credit in addition to the federal tax credit, which is subject to the customer’s eligibility. For example, Volt customers who purchase a low-emission model of the 2012 Chevrolet Volt, which is standard in California, will qualify for a $1,500 state rebate and will be eligible to drive solo in the state’s carpool lanes. A tool to determine specific state or local electric vehicle tax credits is available here.

The Volt has a total driving range of up to 379 miles, based on EPA estimates. For the first 35 miles, the Volt can drive gas and tailpipe-emissions free using a full charge of electricity stored in its 16-kWh lithium-ion battery. When the Volt’s battery runs low, a gas-powered engine/generator seamlessly operates to extend the driving range another 344 miles on a full tank. Volt owners have travelled more than 10 million miles since the vehicle launched late last year. Roughly two-thirds of those miles were powered by grid electricity, GM says.



This is one of the way to accelerate the sales of electrified vehicles. The total tax credits of $13.5K will pay for about 100% of the 16 Kwh battery pack and could be adjusted downward when the price of batteries goes down.

Colorado, with a mere $0.22/gal fuel tax could add another $0.085/gal to reach the national (States) average of $0.305/gal. That would pay for most of the program.

The Fed Fuel tax could also be adjusted by an equivalent amount from $0.184/gal to $0.269/gal (or more) to cover the electrified vehicles support program cost.


This could sell a more Volts compared to last year. Good for Colorado, they are truly putting their money on the line.


Not so fast.

By my calculations, at this rate I will get $2000 more than the full price of the Volt by late 2013; mid 2014 at the latest.


GM will raise prices if EV sales significantly improve.


This is bad news.

If taxpayers have to artificially prop up a Volt, in order to sell enough to break even, there is a very limited future for it.

Designing and building a big chunk of Iron was a BIG mistake. GM will never break even on this car. Surely someone in the auto building business can read the writing on the wall.


The wall writing says; "Target governement handouts, never mind a viable product"

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