Detroit Gets Dumber
Among the absolutely stupidest ideas to come out of Detroit in who knows how long: if you buy a gas guzzler like Chevy Tahoe, Suburban or Impala or a GMC Yukon, General Motors will give you a credit each month to cap your gas costs at $1.99 per gallon. Of course, it’s only for the first year and you will have to pay $16.95 and sign up for OnStar so that GM can monitor how many miles you drive and adjust your rebate based on stated mileage for the vehicle in question, miles driven and average gas price in your state (available only in CA and FL). Nevertheless, it still amounts to an incentive to drive more miles in less efficient vehicles. Way to go GM! That sure makes a lot more sense than building cars that people would actually buy in a climate of high prices.
GM incentive: A gas price cap | Chicago Tribune
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