Revised plug-in tax credit in new bailout bill
$4,168 - $7,500 tax credit for plug-insIf 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.
Labels: Congress, electric cars, plug-in hybrid vehicles
posted by Dahcredyns at
2:58 PM
2 Comments:
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A Better Idea-A Temporary(2-5 yr) One time Tax Credit of $10,000.00 for any person who buys a new Auto made by 1 of the big 3
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