Chevy Volt is Eligible for Massive Tax Credit Again
$13,500 off. That's what a Colorado auto dealer is pitching to the public in regards to the Chevrolet Volt.
Get $6,000 Back on Me!!!
Oddly, word of this stellar deal came via a press release from Medved Autoplex, who clearly has a reason for advertising the discounted Volt.
Here's a portion what Medved Autoplex stated in its release:
"Under the law, the Chevrolet Volt was officially classified as a Category 1 Vehicle and as it applies to the Innovative Motor Vehicle Income Tax Credit that means "an electric motor vehicle and a plug-in hybrid electric motor vehicle." The amount of the rebate a person would be eligible to receive is based on a calculation that takes into account the vehicle's batter capacity, in kilowatt-hours."
Umm...I'm Eligible Too...So Are Loads of Other Plug Ins
But that's not the "real" news here. Yes, the Volt qualifies for a $6,000 state-level credit and an additional $7,500 from the Feds, but so to do other plug-in vehicles.
Recently, Colorado signed into a law a bill that extends the state's credits on plug-in vehicles. The original credit in Colorado was "retired" in December 2012. However, on May 15, Colorado Governor John Hickenlooper signed the Innovative Motor Vehicle Income Tax Credit back into law.
It's obviously not only the Chevy Volt that's eligible for the credit.
Check out the full list of eligible vehicles, as well as a further explanation of how Colorado's credit system works by clicking here.