Treasurer Joe Hockey is being pressured to explain what the wider economic impact will be of Holden's decision to end its manufacturing operations in Australia.
Labor is warning the loss in tax revenue and widespread unemployment in the automotive sector will deal a blow to government coffers.
It wants Mr Hockey to detail the impact in the mid-year economic and fiscal outlook, due to be released on Tuesday.
The opposition believes 3000 Holden workers will be directly impacted by Wednesday's shock announcement, with 250,000 more in the wider automotive sector also at threat.
Shadow Treasurer Chris Bowen says car parts and components are manufactured nationwide, so there would not be a state or territory left untouched by Holden's decision.
"The loss in tax revenue, the unemployment payments right across the board will see the Australian government revenues hit, and potentially hit hard," he told reporters in Canberra.
Mr Hockey needed to either release or commission Treasury modelling to show what the real impact will be on the economy across the board.
Independent senator Nick Xenophon slammed senior government ministers for forcing Holden's hand.
"The tipping point was those reckless comments made in the parliament," he told reporters, citing Treasurer Joe Hockey's dare of "either you're here or you're not".
When things were on the edge, it didn't take much to push a company over.
Former Labor industry minister Kim Carr agreed, saying the government had taunted General Motors and abused its executives.
Billions of dollars would now have to be spent to make up for the damage done.
"I am shocked, just completely shocked at how incredibly stupid and incompetent this government is," he said.
Australian Greens leader Christine Milne said Prime Minister Tony Abbott needed to learn that chest thumping and throwing down the gauntlet didn't work.
The government should have imposed mandatory higher fuel efficiency standards and also required production of electric vehicles.
"The fact is Holden were looking to build the kind of cars that only had a market in Saudi Arabia ... or gas guzzling economies," she said.
