US Senate proposal would boost 'plug-in' incentive

Newswire

By John Crawley WASHINGTON, Jan 27 (Reuters) - Senate lawmakers on Tuesday proposed doubling the number of plug-in electric hybrids eligible for consumer tax credits as a way to stimulate sales when the vehicles hit showrooms late next year. The proposal to make up to 500,000 vehicles eligible for a credit -- mainly ranging from $2,500 to $7,500 -- was included in economic stimulus legislation considered by the Senate Finance Committee. The proposal was introduced one day after U.S. ...

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