17 Feb '12, 11am

President Obama's New Budget Includes $10,000 EV Rebate

Currently, if you purchase an all-electric vehicle, you are eligible for a $7,500 tax credit that you receive when you file your taxes for that year, but this new rebate program would allow consumers to slash $10,000 off the top of the cost of an electric car, right at the time of purchase. That's a huge incentive for drivers who are on the fence and would likely support some large gains in sales of those vehicles.

Full article: http://www.ecogeek.org/automobiles/3713-president-obamas-...

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