Posted by
BLOGASSAULT on Wednesday, September 24, 2008 7:14:10 PM
Plug-in hybrid electric vehicles (PHEV's) got a
shot in the arm today when the U.S. Senate passed a tax credit bill for consumers who purchase one. Here is the great thing:
The tax credits allow buyers of PHEVs to receive a credit as high as $7,500 and as low as $2,500 depending on the capacity of the vehicle's battery. Toyota had
raised concerns that the bill focused solely on battery capacity, as its currently announced hybrid plans do not include anything that would approach the maximum credit. In fact, the Chevy Volt sits alone as the only product that has enough battery capacity for the top tier.
Basing the tax on battery size that in turn will give an american car company an advantage is a great thing!