Are you having a hard time convincing yourself to buy a Chevy Volt? Perhaps a $10,000 instant tax credit will change your mind.

According to a fact sheet sent to reporters today, President Obama will once again highlight a proposal to increase the tax credit for electric vehicles.

More importantly, the president will propose making that tax credit available as soon as you buy the vehicle.

According to the White House, Obama will proposes that the tax credit is "available at the point-of-sale by making it transferable to the dealer or financier, allowing consumers to benefit when they purchase a vehicle rather than when they file their taxes."

The president first proposed an update to the tax credit in February.

Last week, General Motors announced plans to temporarily suspend production of the Volt and the layoffs of 1300 employees due to sluggish sales.

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The MSRP for a Chevy Volt is estimated at $39,145. But even with a $10,000 tax credit, you could own a Chevy Impala full size car for $25,760, $4000 cheaper than the subsidized Volt.