Senate Proposal Would Boost 'Plug-in' Car Incentives

The proposal to make up to 500,000 vehicles eligible for a credit -- mainly ranging from $2,500 to $7,500.

Published: 29-Jan-2009

WASHINGTON - Senate lawmakers on Tuesday proposed doubling the number of plug-in electric hybrids eligible for consumer tax credits as a way to stimulate sales when the vehicles hit showrooms late next year.

The proposal to make up to 500,000 vehicles eligible for a credit -- mainly ranging from $2,500 to $7,500 -- was included in economic stimulus legislation considered by the Senate Finance Committee.

The proposal was introduced one day after U.S. President Barack Obama set in motion a process that could force automakers to improve fuel efficiency in coming years by sharply reducing tailpipe emissions.

<< PREVIOUSNEXT >>
RELATED NEWS ITEMS

Earth Policy Institute's Lester Brown offers another way to fuel the cars of the future that doesn't require a switch to natural gas.

Despite Toyota's disapproval of the $500 deposit on future plug-in Prius, one dealer plans to continue accepting them.

Chrysler circulating plug-in hybrid prototypes to dealers more advanced than earlier models. Pictured is the Chrysler EcoVoyager, in one of a trio of electric-drive concept vehicles it debuted at the 2009 Detroit Auto Show.

READER COMMENTS

blog comments powered by Disqus