^^^ THIS is why people are making a big deal about it.
EVs qualify for this tax rebate, hybrid vehicles like the Prius do not. You can’t even get rebates for a Prius anymore.
See the list here: http://www.fueleconomy.gov/feg/tax_hybrid.shtml
If the volt is no longer an EV by definition, one would think it no longer would qualify for and EV tax credit and then that would increase the cost of this car by $7,500 - which is definitely a big deal and would make this car uncompetitive.
I’m sure this will be the answer.[/QUOTE]
Umm… everything I’ve seen says the Volt will be eligible as-is.
The new tax credits for plug-in vehicles will range from between $2,500 to $7,500, with factors such as battery capacity determining how much owners would receive. Cars like the Chevrolet Volt, due in late 2010, would be eligible for the maximum credit of $7,500. The total cost of the program over the next ten years is estimated at $2.8 billion - a significant sum of money, but a drop in the bucket next to the $700 billion bill it’s a part of, or the money received so far by Chrysler and GM.
To meet the tax incentive’s standards, a plug-in vehicle must have a battery with a minimum capacity of 4kWh, though an additional $200 of tax credit is added for every kilowatt-hour thereafter, which is how the Volt gets to the maximum $7,500 limit with its 16kWh battery.
If the soon-to-be Prius plug-in has a maximum storage capacity of over 4 kWh, then it too would be eligible for the credit - though starting at the $2500 level. The Volt (16 kWh) and the Leaf (24 kWh) now both max out the credit.