Edmund's has a true cost to own web site. The Volt is on par with a Camry hybrid only after subtracting the $7500 tax credit. A Golf diesel has a similar TCTO as the Camry.
In California I could get $7,500 federally and $2,500 from the state. Of course that’s deductions...
If I thought the Volt would be improved drastically each year over the next five years, I might buy into the idea that supporting it would serve to help develop a new niche vehicle class.
I don’t expect the Volt to be improved much if it lasts a few more years. It’s a waste of money to subsidize it.
There are those who make the case that it would never be a good thing for the government to subsidize a vehicle. I think they’re on sound ground with the argument.