A GOOD READ!
"At an initial 40 mile module installed price of $10,000 supported with a $3500 tax credit, the payback period for a fleet owner with $3.00/gallon gas is 2.5 years, against an expected life of 10 or more years."
"there are now over 65 hybrid vehicle launches planned by 2010."
This is where they try to limit anyone else from benifiting from the tax credit.
"So I would urge you to be sure that any tax incentive applicable to plug-in hybrid consumers of factory originals available some years out, also be applicable to the tested, standardized, nationally marketed through certified installers, plug-in modules offered earlier by qualified companies for the growing millions of regular hybrids that will be on our roads"
In other words, only let consumers get the tax credit if they get the plug-in pack from someone who fits all the criteria listed, NAMELY US.
Here is the full testimony of David Vieau CEO A123Systems.
http://www.finance.senate.gov/hearings/tes...50107testdv.pdf
$3,500 tax credit for a Plug-in upgrade?
Discussion in 'Prius, Hybrid, EV and Alt-Fuel News' started by Cheap!, May 2, 2007.