Matt -
Eeeeen-tay-rest-ink. I will have to watch for this. I wonder what this means :
Quote:
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This provision provides a tax credit for buyers of plug-in electric vehicles. It provides a base of $2500 plus an additional $417 per kwh for batteries greater than 4 kwh. For the Chevy Volt, that works out to $7500 per car, a number GM had lobbied for.
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What would a Prius qualify for? Would the aftermarket package to make a plug-in Prius qualify for this? If yes, then a $7500 tax credit. would just about cover the cost of the package. But, a tax-credit is not a rebate. Assuming a 30% tax rate, I think a $7500 tax credit would be around $2,250 back on your taxes. Does this sound right?
CarloSW2