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Gov’t subsidies for Chevy Volt up to $250,000 per car?

posted at 11:25 am on December 21, 2011 by Ed Morrissey

If you thought that the subcompact electric Chevy Volt was overpriced at an MSRP of $40,000 — which after a point-of-sale tax credit comes to $32,500 — you haven’t seen anything yet. According to a Mackinac Center study of government subsidies throughout the manufacturing and distribution chain, the actual cost of the vehicle is almost $300,000 — with a quarter-million dollars of taxpayer subsidies going into every vehicle (via the Drudge Report and David Freddoso):

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


Added: Dec-21-2011 Occurred On: Dec-21-2011
By: JihadKiller1s1k
Tags: Gov’t, subsidies, for, Chevy, Volt, up, to, $250, 000, per, car
Location: United States (load item map)
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