Revised plug-in tax credit in new bailout bill

$4,168 - $7,500 tax credit for plug-ins

If the new bailout package in Congress is approved on Friday, it will also include a new plug-in tax credit.

Plug-in vehicles weighing under 10,000 pounds with at least a 4 kWh battery pack will qualify for a $4,168 tax credit. The value of the credit will scale up to a maximum of $7,500 for each extra kWh of battery capacity.

Once automakers, collectively, sell 250,000 plug-ins in one year, the credit will expire.