Senate Proposal Would Boost 'Plug-in' Car Incentives
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.
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