Typical buyer of subsidized Chevy Volt earns $170,000 per year

Typical buyer of subsidized Chevy Volt earns $170,000 per year

March 11th, 2012 in Opinion Free Press

You may already know that buyers of the Chevrolet Volt plug-in hybrid electric vehicle get a huge, $7,500 tax credit from the federal government.

But did you hear what General Motors CEO Dan Akerson recently said about the income level of the people who buy the Volt?

"The average purchaser of a Volt is earning $170,000 a year," Akerson told The Associated Press.

So even if your income is far lower than $170,000 and you have no interest in buying the Volt -- which has proved unpopular with consumers -- you are still having to help pay the cost of the vehicle for people whose average annual pay is $170,000!

The Volt has also gotten massive federal assistance for production and development, meaning its total subsidies per vehicle run well into the tens of thousands of dollars.

Does that seem like a wise federal "investment" of your tax dollars in the interest of promoting "green" vehicles?