Senate passes plug-in tax credits in Wall Street bailout bill
One particular $1 billion chunk of that extra money has been earmarked to provide cash back to American drivers who opt to buy plug-in vehicles. Tax credits starting at $4,168 (there's a nice round number for you) will go to people to buy a vehicle with a battery pack that has at least 4 kWh of capacity. From there the credits ramp up to $7,500 for vehicles with a 16 kWh pack. For those that haven't been paying attention, that just happens to be the size of the pack in the Chevy Volt. Medium and heavy duty trucks with plug-in capability are also eligible for credits of $10-15,000.
[Source: Detroit News]
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