September 15th, 2009
Tax Credits for Plug-In Hybrid Conversions
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Written by Clayton B. Cornell, courtesy of gas2.0, first published on September 14, 2009
Earlier this year, Colorado passed House Bill 1331, “Incentives for Efficient Motor Vehicles,” which creates new tax credits of up to $6,000 for the purchase of, or conversion to, a plug-in hybrid electric vehicle.
The new credit will be a substantial discount off the average price of a plug-in conversion, which generally run around $10-14,000. On top of the Federal Tax Credit of 10% (up to $4,000), plug-in retrofits could start to make a lot of sense for some car owners. (more…)
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