Bikes & Cars...

Oct 6, 2008

PHEVs Get a Tax Break

The bailout bill passed by Congress last week included “sweeteners,” as anyone with a radio, TV, Internet connection, or newspaper subscription has learned by now. What didn’t make the top of the news was the fact that a couple of these provisions to sweeten the Wall Street bailout bill directly affect alternative fuels — in a good way, for once.

Buyers of plug-in hybrid vehicles will receive a $2500 tax credit,...

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