Last post on Dec 09, 2012 at 7:21 PM
You are in the Chevrolet Volt
What is this discussion about?
Chevrolet Volt, Automotive News, Hybrid Cars, Coupe, Hatchback, Truck, Sedan, SUV
#818 of 1015 Re: Where's some dirt [gagrice]
Oct 03, 2011 (3:13 pm)
Happy to edumacate you, Amigo:
Prius Plug-in starts at $32K. Here is the website:
No $7500 IRS plug-in tax credit will be available for the Prius. No one at 'Yota has ever said that it would be....BUT it might be up for a $2500 tax credit, depending on what the IRS decides to give:
Will the Prius Plug-in qualify for the federal tax incentive?
While the federal government has yet to certify the Prius Plug-in for the incentive, purchasers of a Prius Plug-in vehicle may be able to take advantage of a Federal tax credit estimated to be approximately $2,500.
QUALIFIED PLUG-IN ELECTRIC DRIVE MOTOR VEHICLE TAX CREDIT
Individual purchasers of a Prius Plug-in vehicle may be able to take advantage of the Federal Qualified Plug-in Electric Drive Motor Vehicle tax credit. The Prius Plug-in vehicle tax credit is estimated to be approximately $2,500. However, the Internal Revenue Service has not yet reviewed or confirmed the specific amount of credit, so at this time there are no assurances any purchasers will be able to take advantage of any specific amount of the credit, from zero credit up to the above estimate.
To qualify for the potential Plug-in tax credit:
1. The Plug-in vehicle must be new. Used vehicles will not qualify.
2. The Plug-in vehicle must be purchased. Leased vehicles will not allow the lessee to take advantage of the Plug-in tax credit.
3. The Plug-in vehicle use is primarily in the United States.
4. The purchaser must retain appropriate documentation showing the purchase of the vehicle and the date of the delivery of the vehicle.
For personal use vehicles, the Plug-in vehicle tax credit is treated as a nonrefundable personal credit and is limited by the taxpayer's amount of tax liability for the year the car is placed in service. Individual purchasers and corporations who have business use of the Plug-in vehicle are subject to different tax laws that may also substantially reduce or eliminate the above benefits.
All persons considering the use of this important Federal Plug-in vehicle tax credit should consult with their own tax advisors to determine the specific amount of benefit, if any, that they may be able to claim on their federal income tax returns. Your tax advisor may also have further information on the many state and local tax incentives that may be available to Plug-in vehicle owners.
The above summary is based on the federal income tax law in effect as of summer 2011, and individual tax implications may change, without notice, depending on subsequent changes in the federal tax law or further action by the Internal Revenue Service.
Please find more information at the Internal Revenue Service (http://www.irs.gov/).
#819 of 1015 Re: Where's some dirt [larsb]
Oct 03, 2011 (3:30 pm)
Don't count on any of those $32k Prius to show up on the lots. It will more than likely be $35k+ models. And the reason I mentioned the TC is several publications have speculated on the Tax credit of $2500. There is a discrepancy between the Fuel Economy site and the law posted on the IRS site. As with all TCs I will believe it when I see it on my return.
Prices for the Prius Plug-in Hybrid start at $32,000 and the top-of-the-line Advanced will cost $39,525; reservations for both start next month. Most buyers should be able to get a federal tax credit of $2,500 to ease the sting.
That said, any reason to think the Volt will survive here in the USA? Or will it become an import from China as GM has speculated?
#820 of 1015 Re: Where's some dirt [gagrice]
Oct 04, 2011 (6:18 am)
The Volt will survive. GM has too much of an investment in it.
#821 of 1015 Re: Where's some dirt [larsb]
Oct 04, 2011 (7:13 am)
GM has little or NO investment in the Volt. It is all our tax dollars my friend.
#822 of 1015 Re: Where's some dirt [gagrice]
Oct 04, 2011 (7:45 am)
Um, yeah, only SOME of it. Some of the investment happened after their IPO.
#823 of 1015 Re: Where's some dirt [larsb]
Oct 04, 2011 (8:48 am)
You know that IPO did not really do the tax payers any good. More of the smoke and mirrors on GM repaying their debt to US.
A $75 billion gift to GM, the UAW and Volt. Stock is now down to $20 a share. The Volt is a small part of our getting ripped off by GM.
But that still leaves a $30 billion shortfall (excluding the $45 billion tax break). To get this back, the federal government would have to sell its remaining 365 million shares—about 26.5 percent of company equity—for about $55 per share. But after GM posted its latest earnings report, its stock price dropped to $31, a few dollars below even its IPO price of $33.
#824 of 1015 Re: Where's some dirt [gagrice]
Oct 05, 2011 (10:43 am)
Not a fan of the bailout. However I have been impressed with what Chevy is doing. The Cruze is a fine vehicle. The Malibu for 2013 will take whats good about the current model and greatly improve the rest. The Equionos is a hot seller. The Sonic is 100% improvement from the Aveo. The trucks will get a huge redesign in 2013 or 14. Lets not forget the Camaro. As for the Volt, with the technology it has, ride and performance it is a very good car. Yes it is priced high. We could send 70% of the supplied parts and assemble outside the US if you want lower price but the value is there. They began investing in the Volt back in Bush's term before the bailout. I want the gov out of it just as much as everyone else does. I just know firsthand what the changes at Chevy is doing for the company and it is great.
#825 of 1015 Re: Where's some dirt [benrey23]
Oct 05, 2011 (10:56 am)
Don't get me wrong, I am happy that GM is getting their act together. I just see the Volt as another segment of the Green agenda that is not well thought out. It is being pushed through for political reasons. With little regard for saving the environment. It is not sustainable. I think the Cruze diesel will be the green car to beat when it gets here.
Oct 06, 2011 (5:21 pm)
......However I have been impressed with what Chevy is doing. The Cruze is a fine vehicle. The Malibu for 2013 will take whats good about the current model and greatly improve the rest. The Equionos is a hot seller. The Sonic is 100% improvement from the Aveo. The trucks will get a huge redesign in 2013 or 14. Lets not forget the Camaro......
I guess I would say the same if I worked for them too, lol.
Oct 12, 2011 (1:01 pm)
Do you guys think that the Prius Plug-In and the Volt are really comparable? The Prius Plug-In does not have a gas tank right?