View Single Post
Old 10-03-2008, 08:03 PM   #2 (permalink)
cfg83's Avatar
Join Date: Dec 2007
Location: Southern California
Posts: 5,864

1999 Saturn SW2 - '99 Saturn SW2 Wagon
Team Saturn
90 day: 40.49 mpg (US)
Thanks: 439
Thanked 529 Times in 356 Posts
Matt -

Eeeeen-tay-rest-ink. I will have to watch for this. I wonder what this means :

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.
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?


What's your EPA MPG? Go Here and find out!
American Solar Energy Society
  Reply With Quote