Last post on Dec 09, 2012 at 7:21 PM
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#921 of 1015 More than one way to sell a Volt
Feb 13, 2012 (3:44 pm)
February 13, 2012
Obama hikes subsidy to wealthy electric car buyers
The White House intends to boost government subsidies for wealthy buyers of the Chevy Volt and other new-technology vehicles ó to $10,000 per buyer.
That mammoth subsidy would cost taxpayers $100 million each year if it is approved by Congress, presuming only 10,000 new-technology autos are sold each year.
But the administration wants to get 1 million new-tech autos on the road by 2015. The subsidy cost of that goal could reach $10 billion.
The planned giveaway will likely prompt populist protests from GOP legislators, but it will likely also will be welcomed by auto-industry workers in the critical swing state of Michigan.
That welcome is critical for President Barack Obama, who is touting his support for blue-collar manufacturing programs to help offset his low public approval ratings.
The new subsidy level represents a 33 percent jump from the current $7,500 government payout for each Volt buyer, even though the Voltís buyers are already among the wealthiest Americans. It will be offered to buyers of any new-technology autos, including battery-powered autos and cars powered by natural gas, said a White House official.
The extra money for wealthy buyers will be borrowed funds, eventually paid off by future taxpayers in all income brackets.
#922 of 1015 Re: More than one way to sell a Volt [gagrice]
Feb 14, 2012 (4:00 am)
Nothing to worry about as congress doesn't pass anything anymore. Its dems against Rep not dems/rep for the people.
#923 of 1015 Re: More than one way to sell a Volt [dmathews3]
Feb 14, 2012 (6:01 am)
It could get costly, as about a dozen or more vehicles currently qualify for the $7500 tax credit. Many are just now coming to the market place. I don't think the $46k Volt will be the winner in the $10,000 giveaway. If it does get past Congress. I am not sure if this is another end around via the EPA or not. It will also require finding people with a $10k or more tax bill. You cannot carry the credit over. narrows the audience. But then you know all that already. The Volt and other electrics make more sense for fleet vehicles. Where lower electric rates apply.
#924 of 1015 Re: More than one way to sell a Volt [gagrice]
Feb 14, 2012 (6:37 am)
As the above post points out, there are many vehicles that qualify for this, so singling out the Volt is spotty reporting, at best.
Kind of a shame, however, that the Leaf went up nearly $2500 in base price this year, thereby offsetting the proposed increase in the credit.
Feb 18, 2012 (7:00 am)
#926 of 1015 Cali aiding the Volt
Feb 24, 2012 (6:42 am)
Cali giving the Volt $1500 credit and car pool privileges. Cool.
Volt sales likely to jump in Cali
Dismal sales of the Chevrolet Volt called into question whether the GM could sell the 30,000 Volts itís said it wants to this year. But part of the problem was the original car, although it operates without gasoline for short trips, didn't meet Californiaís emissions standards to qualify for carpool access (without a passenger) and a state tax rebate of $1,500.
Today GM announced that Voltís with a new low emissions package meet the state's standards, and will be available at 140 dealerships in California by the end of the month. Thatís too late to help February sales figures, but it could give sales a boost in March.
Carpool access is a big deal on the crowded highways of Southern California. GM says commuters who use them cut their driving time by 36 minutes per day.
#927 of 1015 Re: Cali aiding the Volt [larsb]
Feb 24, 2012 (5:10 pm)
I cannot find anything from the state verifying that. And why not the $5000 given to the Leaf?
Unfortunately, the Chevy Voltóone of the star plug-in carsówill not receive the coveted $5,000 California rebate because the vehicle does not qualify as an Advanced Technology-Partial Zero Emissions Vehicle (AT-PZEV). A number of conventional hybrids, like the Toyota Prius and Honda Civic Hybrid, have qualified as AT-PZEVs for years. The Nissan LEAF is a pure zero-missions vehicle, and will therefore be designated as a ZEV.
The lack of a $5,000 rebate will put the Volt at a cost disadvantage compared to the Nissan LEAF, which will indeed qualify for the $5,000 California rebate. The net result could mean that the Chevy Volt has a net price $10,000 or more than the LEAF.
G.M. announced that the warranty all of the Voltís electric-drive and battery components for 8 years or 100,000 miles. However, CARB requires that the emissions equipment of AT-PZEVs have a warranty of 10 years or 150,000 miles. If the Voltís battery pack, for example, is considered part of the emissions control system, then G.M. would need to warranty the pack for 10 years or 150,000 miles, which apparently the company is not willing to do. Thatís probably the right business decision.
So has GM raised the warranty bar to 10 years and 150,000 miles?
#928 of 1015 Re: Cali aiding the Volt [gagrice]
Feb 27, 2012 (6:54 am)
Well, you'd have to ask the Cali legislators about why the amount is different.
Google this phrase if you still are doubting me:
"chevy volt california carpool lane tax credit"
#929 of 1015 Re: Cali aiding the Volt [gagrice]
Feb 27, 2012 (6:55 am)
"The first 35 miles or so that you drive in a fully charged Chevrolet Volt are emissions-free, but until now, that hasn't been good enough to make it eligible for a highly coveted Clean Air Vehicle Decal in California. Chevrolet has added a Low Emissions Package to the Volt that lets it achieve the California Air Resources Board's Advanced Technology Partial Zero Emissions Vehicle rating (AT-PZEV).
High-occupancy vehicle (HOV) lanes in California require two or three occupants in the car to drive in the faster, less congested lanes. However, certain alternative fuel vehicles are approved for green or white Clean Air Vehicle stickers that give them single-occupancy access to the state's carpool lanes.
The Chevrolet Volt, which is an extended-range electric vehicle that uses electricity stored in a battery to propel the car for 35 miles before kicking on the gasoline engine, wasn't eligible to apply for one of the 40,000 decals. To join the clean vehicle fleet, Chevrolet created a Low Emissions Package for the Volt. The new package brings its tailpipe emissions down to near zero, extends the emissions systems warranty to 15 years or 150,000 miles, and extends the battery warranty to 10 years or 150,000 miles.
Commuters who use carpool lanes in Southern California save an estimated average 36 minutes a day, according to GM. The Volt's new status as an AT-PZEV vehicle in California will make it qualify for the green Clean Air sticker. It also makes them eligible to receive up to $1,500 in state rebates through the Clean Vehicle Rebate Project.
But not all Volts can apply; only the extended range hybrids with the Low Emissions Package are on the Clean Vehicle list. Production of Volts with this new package began this week and should be available for sale in California Chevy dealerships by the end of the month. You'll be able to tell if the Volt qualifies by checking the Vehicle Identification Number, which will have an E, F, G, or H in the fifth position of the VIN number."