Colorado residents who want to buy or lease a new Chevrolet Volt electric vehicle with extended range are eligible for a state tax credit totaling $13,500.
The tax consists of a state tax credit of up to $6,000 in addition to a federal tax credit of up to $7,500 for a total price reduction of as much as $13,500. Customers who buy a low-emission 2012 Chevrolet Volt will qualify for a $1,500 state rebate and will be eligible to drive solo in the state’s carpool lanes.
“This rebate in Colorado provides an extra incentive for those that want to purchase or drive an energy-efficient and technologically advanced vehicle like the Chevrolet Volt,” said Volt Marketing Director Cristi Landy. “With the available state and federal tax credits, along with the fuel savings that many owners experience by charging daily, the Volt can fit the lifestyles and budgets of many people.”
The model has a total driving range of up to 379 miles, based on EPA estimates. The first 35 miles the Volt uses its 16-kWh lithium-ion battery, driving gas and tailpipe-emissions free. After the battery runs low, the gas-powered engine/generator takes charge extending the driving range another 344 miles on a full tank.