Plug-ins, Taxes, and Rob Lowe
In an effort to bring back tax breaks for those who convert their hybrid cars into plug in hybrid cars, U.S. Rep. Ed Markey, D-Mass., introd...
https://iskablogs.blogspot.com/2007/07/plug-ins-taxes-and-rob-lowe.html
In an effort to bring back tax breaks for those who convert their hybrid cars into plug in hybrid cars, U.S. Rep. Ed Markey, D-Mass., introduced a "Plug-in Hybrid Opportunity Act of 2007." The tax break would give converters a 35% tax credit.
Senators had tried to push a different package through last month, but it was eventually pulled over concerns on how to pay for it. Incentives for building plug-in vehicles and a $7,500 tax credit to converters would have been payed by taxing the oil companies.
Automakers have pushed back citing increased safety concerns. The conversion invalidates the manufacturer's warranty, increases the risk of car fires, often forces the removal of a spare tire to make room for the extra batteries, and may even increase greenhouse gas emissions.
A hearing will be held by Markey, demonstrating the conversion with A123's president and CEO David Vieau. The mayor Austin Texas will also be present. As a major force in the Plug in Partners Campaign, the mayor is a logical selection for inclusion.
Rob Lowe, since he has "driven a plug-in hybrid and is passionate about the issue," is also being invited. Not surprisingly, the automakers are a little bit skeptical about the invite to Lowe.
Source: The Detroit News
Senators had tried to push a different package through last month, but it was eventually pulled over concerns on how to pay for it. Incentives for building plug-in vehicles and a $7,500 tax credit to converters would have been payed by taxing the oil companies.
Automakers have pushed back citing increased safety concerns. The conversion invalidates the manufacturer's warranty, increases the risk of car fires, often forces the removal of a spare tire to make room for the extra batteries, and may even increase greenhouse gas emissions.
A hearing will be held by Markey, demonstrating the conversion with A123's president and CEO David Vieau. The mayor Austin Texas will also be present. As a major force in the Plug in Partners Campaign, the mayor is a logical selection for inclusion.
Rob Lowe, since he has "driven a plug-in hybrid and is passionate about the issue," is also being invited. Not surprisingly, the automakers are a little bit skeptical about the invite to Lowe.
Source: The Detroit News
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