So isn't giving more tax-payer rebates to car manufacturers (especially announcing the credit while referencing the GM car, which our gov't partly owns a stake in) just a continuation of corporate welfare? Now may tax dollars are not only going to financing GM, but now it's going towards actually financing the purchase price of cars??
For those who want the Volt, the $10,000 is nice. But at the suggested retail price of "approximately $40,000 USD"...let's say $45,000 CDN...even with the rebate it still puts it substantially more money than the Honda and Toyota hybrids on the market, both of which can be had for around the mid $20's. And let's not forget the Jetta too..although NOT a hybrid. And the Ford Fusion Hybrid a bit more than the imports, but still well cheaper than the Volt So it's looking like it's going to be at least $5,000 and as much as $10,000 more than the hybrids. I dunno, people. I think part of the appeal of owning the Volt (apart from being green) is saving money. Hell, a Volt would be really cool for ME to drive to work, hopefully under electric power the whole way. But the fact of the matter is, the cost of admission is just too much. And I think alot of the people might be turned away. $25,000 or so for a hybrid is affordable for many folks. $35,000 for a Volt? Alot less so.