Wednesday, June 01, 2011

Are GM Dealerships Gaming Chevy Volt Tax Credit? | National Legal and Policy Center

Are GM Dealerships Gaming Chevy Volt Tax Credit? | National Legal and Policy Center: "Many Volts with practically no miles on them are being sold as 'used' vehicles, enabling the dealerships to benefit from the $7,500 credit supplied by the American taxpayers on each car. The process of titling the Volts technically makes the dealerships the first owners of the vehicles, which gives them the ability to claim the subsidies. The cars are then offered to retail customers as 'used' vehicles."

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