Chevy gets some bail out action

Fri 3 Oct 2008 - Filed under: Not a Journal., | Leave a Comment | Posted by: Gavin

When for some reason the bail out failed, Autobloggreen posts a note from the Detroit News on their hometown industry getting a nice little backend governmental funding. Funding for electric vehicles: yay! $10-15K for trucks? Sure, electrify those Fedex trucks, school buses, all those large conveyances. 3-ton pick-up trucks? Not so much.

One particular $1 billion chunk of that extra money has been earmarked to provide cash back to American drivers who opt to buy plug-in vehicles. Tax credits starting at $4,168 (there’s a nice round number for you) will go to people to buy a vehicle with a battery pack that has at least 4 kWh of capacity. From there the credits ramp up to $7,500 for vehicles with a 16 kWh pack. For those that haven’t been paying attention, that just happens to be the size of the pack in the Chevy Volt. Medium and heavy duty trucks with plug-in capability are also eligible for credits of $10-15,000.

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