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USA: proposes bumping Chevy Volt subsidy up to $10K

President Barack Obama is touting a new series of green-tech subsidies in North Carolina Wednesday, simultaneously trying to goose his prospects in the swing-state and to jump-start his stalled plan to minimize the nation’s use of gasoline.

The new subsidies include an expansion of the $7,500 subsidy for the wealthy buyers of the Chevy Volt.

If Congress approves Obama’s proposal, the government will be giving $10,000 in taxpayer money to people wealthy enough to buy novel green-tech autos that are powered by batteries or natural-gas.

The new $10,000 credit, according to a White House statement, should “be applied to additional types of technologies, not currently covered.”



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