Thursday, December 22, 2011

Study Estimates Chevy Volt Federal and State Subsidies to Equal $250,000 per vehicle, or $3 billion in total

Each Chevy Volt sold thus far may have as much as $250,000 in state and federal dollars in incentives behind it – a total of $3 billion altogether, according to an analysis by James Hohman, assistant director of fiscal policy at the Mackinac Center for Public Policy. Mackinac reports on the study at its Michigan Capitol Confidential site -- as if Chevy Volt batteries spontaneously going on fire was not bad enough. 

A few billion here, a few billion there, and we are starting to talk about real money. We constantly hear the "waste, fraud and abuse" mantra, but it really is the case that there is a massive amount of waste in the system and government support for the Chevy Volt is one such example.


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