Support Builds for 35% Plug-In Hybrid Tax Credit
Support is growing in Congress for tax breaks for hybrid owners who convert their vehicles to plug-ins, even though doing that invalidates the manufacturer's warranty.
U.S. Rep. Ed Markey, D-Mass., head of the House global warming committee who's been pushing a 40 percent boost in vehicle mileage standards by 2018, proposed his "Plug-in Hybrid Opportunity Act of 2007" on Wednesday. It would give gasoline-electric hybrid owners a 35 percent tax credit to defray the costs of converting their vehicle to plug-ins.
Last month, similar legislation was proposed in the Senate.
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