Now is the time that automakers can get in touch with the Feds and let them know what they have in store for the U.S. market. General Motors has taken the unusual approach of being extremely transparent with the development of its Volt, which is either an extended-range electric-vehicle or a PHEV, depending on your point of view. As far as current, though not yet concrete, legislation is concerned, the Volt would be the only vehicle produced by a major manufacturer with enough battery capacity to qualify for certain tax credits that the government is considering applying towards future automotive purchases. Not so fast, says Toyota. The Japanese company has yet to reveal any real plans to launch a production PHEV intended for regular retail consumption, but they have been testing the waters with trials for a good long time. According to Toyota, any regulations that stipulated a battery with at least 6kW/hr - which currently would include only the Volt - would be too restrictive. So, Toyota... what'cha got up your sleeve? In any case, this legislation is still very much in its infancy, and we'd be shocked if it didn't see many revisions before going into law.
[Source: Automotive News - sub. req'd]

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