Just read the lede of this story:
Each Chevy Volt plug-in hybrid sold so far has cost taxpayers far more than the $7,500 federal tax credit for which each Volt buyer qualifies.
But factor in all state and federal assistance offered for development and production — to not just General (Government) Motors but its Volt-parts suppliers — and a real shock is delivered:
Each Volt sold could cost taxpayers up to $250,000 — or $3 billion total.
This new analysis by James Hohman, assistant director of fiscal policy at Michigan’s Mackinac Center for Public Policy, pegs total per-Volt subsidies at $50,000 minimum. Whether that number skyrockets to $250,000 depends on whether targets needed for some subsidies to kick in are ever reached.
This is among the most clear examples of government “incentives” gone wild. Taxpayers are out $250,000 PER for a car that consumers pay about $30,000 to drive off the lot.
Talk about a get away car.