Late last year, the Senate passed legislation that called for big tax credits for plug-in hybrid vehicles. As it was originally written, the credits were dependent on the size of the car's battery pack and ranged from $2,500 to $7,500 – the Chevy Volt is the only production car currently announced that would get the full credit – and only the first 250,000 PHEVs sold, regardless of manufacturer, would qualify.
Now, though, the U.S. Senate Finance Committee is revisiting this legislation and a proposal is currently on the table that would increase that figure to 500,000 individual units. What's more, the new legislation would include vehicles weighing 10,000 pounds or more, increasing the available credit to as much as $15,000 for these heavy-duty vehicles.
A separate line of credit would be made available for low-speed vehicles, motorcycles, and three-wheeled vehicles (like those from Aptera, we presume) that would otherwise meet the PHEV criteria, if not for their lack of wheels or top speed limitations, that allows credits of up to $4,000.
[Source: Green Car Congress]
Now, though, the U.S. Senate Finance Committee is revisiting this legislation and a proposal is currently on the table that would increase that figure to 500,000 individual units. What's more, the new legislation would include vehicles weighing 10,000 pounds or more, increasing the available credit to as much as $15,000 for these heavy-duty vehicles.
A separate line of credit would be made available for low-speed vehicles, motorcycles, and three-wheeled vehicles (like those from Aptera, we presume) that would otherwise meet the PHEV criteria, if not for their lack of wheels or top speed limitations, that allows credits of up to $4,000.
[Source: Green Car Congress]
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