Government Motors to increase Chevy Volt subsidy from $7,500 to $10,000!
ReVolt: Obama wants you to pay even more for cars nobody wants
In a speech before the Daimler Trucks North America manufacturing plant in Charlotte, N.C. today, the president delivered his answer to rising gas prices: He wants to increase the $7,500 tax credit for alternative-energy vehicles to $10,000, earmark $1 billion to reward cities that provide infrastructure for such vehicles, earmark an additional $650 million for a research program to increase the range and decrease the price of the vehicles, and repeal $4 billion of tax incentives for oil and gas companies.
Are talking about the expensive car that goes up in flames?
The one whose manufacturer stopped production due to low demand?
The one getting over $256,000 in subsidies per vehicle?
Warms the cockles of your heart, doesn’t it?
Via Instapundit: Volt for you, but not for Chu.