Another goal is to reduce the use of imported oil and decrease emissions of greenhouse gases. An integral part of this is encouraging the development, manufacture, and sale of vehicles that run on electricity, at least most of the time. What does this mean? There is a tax credit for plug-in hybrid electric vehicles (PHEVs) and plug-in battery electric vehicles, with credits based upon a vehicle's on-board battery capacity. For example, a credit of $2,500 starts at five kilowatt-hours (kWh) battery capacity and $417 is added for each additional kWh, up to a maximum of $7,500. Vehicles must meet U.S. emissions and safety requirements, be made by an EPA-defined manufacturer, and be acquired between December 31, 2009 and December 31, 2011. The tax credit ends when a manufacturer builds 200,000 qualifying plug-in vehicles sold for use in the U.S.
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