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Tax credits for plug-ins are now a done deal, as the
President has promised to pass the bailout bill that
Congress has now approved. Plug-ins with at least a
four-kilowatt battery pack will qualify for a credit
ranging from $4,168 to $7,500 depending on the number
of kWh's in the battery pack.
It is know that the Chevy
Volt will qualify for the entire $7,500.
Originally, Toyota was against this bill, but the
company seemed to change its tune when the kWh battery
requirement was reduced. So, it appears plug-in
hybrids, such as the Toyota
Prius, will also qualify for this credit.
Labels: chevy volt, Congress, hybrid tax credits, toyota prius
