Chevrolet Volt eligible for $7,500 tax credit

Turns out you don’t have to give out mortgages like candy and then blow all the proceeds on drugs and strippers to get your hands on part of the government’s $700 billion bailout package. Instead, put down the hooker and pick up a Chevy Volt.

As part of the Wall Street bailout package, $1 billion is set aside for discounts for hybrid cars with batteries rated at 4 kWh (kilowatt hours) or more. While the current Prius’ 1.3 kWh battery pack does not qualify, the 6 kWh Chevrolet Volt should qualify for the maximum $7,500 tax credit. See, sometimes the good people win (or at least get some of their own money back to buy a car.)