GM Volt could get $7,500 tax credit

by Thomas Beutel

The financial rescue bill (aka the bailout) contains substantial tax credits for plug-in hybrid vehicles sold after 2008. This could mean about $7,500 dollars for a GM Volt, based on the size of its battery.

Here are some links:

Green Car Congress on the senate bill

Green Car Advisor at Edmunds

If you have solar panels on your roof, any plugin hybrid vehicle has the potential of making your investment in solar pay off even sooner.

Update: Here is’s announcement of the tax credit