Electric cars get charge from stimulus

February 20, 2009 at 3:04 pm

(Source: CNN)

New legislation expands tax credits for electric cars to cover smaller, but not bigger, vehicles.

New rules expand eligibility

 

Thanks to President Obama’s stimulus package, Americans can now get big tax breaks on more types of electric vehicles.

The credits originally would have stopped after they had been claimed on 250,000 vehicles across the whole industry. Now the credits will apply on to up to 200,000 vehicles from any single manufacturer.

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