Well, some big news: On October 3, 2008, President Bush signed the big bailout bill. It also has incentives for people to purchase PHEV's starting next year. The tax credit starts at $2,500 and is capped at $7,500 (the bigger the battery, the bigger the tax credit) and at the first 250,000 sold in the US.
Unfortunately, it does not apply to conversions, only original equipment manufactured vehicles. Well, there is always next year, and there are rumors of yet another economic stimulus package in the works, so you never know.....
Wednesday, October 22, 2008
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