Stimulus Bill Provides Major Increase in Plug-in Vehicle Purchase Credit Program
Green Car Congress
FEBRUARY 13, 2009
A credit is also available for each qualified plug-in electric drive motor vehicle placed in service—qualified being a four-wheel, on-road vehicle equipped with a grid-chargeable battery pack of at least 4 kWh capacity. A 10% credit, up to a maximum of $4,000, for the cost of converting any motor vehicle into a qualified PHEV.
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