Tax Credits For Electric Cars Could Increase

[Ed Barrow]

Source: Associated Press

Two bills introduced in Congress would provide big grants to cities to set up the infrastructure needed for electric cars and sweeten the tax credits for buyers of the vehicles.

The similar bills in the House and Senate are designed to smooth the way for electric vehicles that are expected to start showing up at car dealerships in large numbers later this fall.

The legislation would provide grants of up to $800 million to cities for installing public charging stations and other tools electric cars need.

Car buyers in those cities would also be able to take advantage of greater tax credits for the purchase of an electric vehicle. That's on top of a $7,500 credit already available.


Read more: http://www.wusa9.com/news/local/story.aspx?storyid=101879&catid=37

[strategery blunder]

1. Good

Sadly my old car didn't hold out until electric cars became available (much less until I could afford one), but hopefully I'll be in the market for an all-electric a few years from now, and hopefully by then there will be more supporting infrastructure and the tax credits will still be there! :)

[mbperrin]

2. Good! Let's get on with it!

Sooner the better!

[groundloop]

3. Excellent. And I've already got my new electric car picked out...

http://www.teslamotors.com/display_data/teslaroadster_specsheet.pdf

[defendandprotect]

4. Good idea --