Between the DOE grant and the subsidy to the South Korean battery maker, the US Government is kicking in $39,000 toward the cost of building each of the 10,000 Volts GM intends to produce this year. And that’s not even getting into the billion dollar buyouts. This is just the grants.
Add the $7,500 the government wants to give as a rebate, and you are talking about the government kicking in $46,500 for each car, which will sell for $41,000.
Now THAT'S a great pricing strategy that's good for ANY bankrupt country that owns an auto manufacturer.
Wait, that's us!