You can get up to a $7500 tax credit for purchasing the Volt. In 2008, the Senate passed legislation to grant tax credits to consumers who purchase plug-in vehicles. The credits start at $2,500 and go up to $7,500. Chevy Volt buyers are allowed the maximum allowance.
If you purchase the Chevrolet Vault (due in late 2010), you will receive a maximum tax credit of $7500. New tax credits for plug-in vehicles will range from between $2500 to $7500, with the car’s battery capacity determining how much money each buyer would receive. The battery must have a minimum capacity of 4kWh to meet the tax incentive standards, and an additional $200 of tax credit is added for every kilowatt-hour thereafter, which is how the Volt (16kWh) gets to the maximum $7,500 limit.
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