Would you buy a Think City for $36,495? If the words sticker shock come to mind, you're not alone. Thankfully, there are deals to be had, and with the $7,500 federal tax credit and a new Project Plug-IN rebate worth $9,000 (we think, if our math is right), you could own a Think for just $19,995. The catch? Well, you have to be a commercial or government fleet and operate your business within 100 miles of Indianapolis or Elkhart, Ind.
The Project Plug-IN rebate comes courtesy Think's partner, the Indianapolis-based Energy Systems Network (ESN). The goal of ESN's project is to hasten the adoption of plug-in and electric vehicles along with related smart grid technology. In addition, ESN wants to deploy and evaluate a variety of plug-in vehicles to help promote economic development and energy security in the greater Indiana area.
Many fleets put large quantities of city miles on their vehicles, and with a full charge of the Think City's battery costing less than a gallon of gas, the sub-$20K price point could mean a quick payoff of their initial investment. If sales are strong enough, maybe it will help Think get out of financial trouble and idled production.