realist2

How Does the American Recovery & Reinvestment Act Impact Cleantech?

"Credit for Plug-in Vehicles: Increases the tax credit for the first 200,000 plug-ins to $2500, plus $417 for the first 5 kWh of battery capacity, plus $417 for each additional kWh of battery capacity, up to $7,500 per vehicle. $2500 credit for neighborhood electric vehicles and a credit equal to 10% of the first $40,000 for converting a vehicle to a plug-in."

New to this is that it now also includes 2 and 3 wheeled plug in vehicles, some of which are already on the market and eligible for the credit and with some new eligible 2 and 3 wheeled products being released this year.