The bill also increases to just more than $1 billion consumer tax credits for buying a plug-in hybrid, with a $5,000 per-vehicle maximum. It also creates a 20 percent tax credit for consumers who convert their vehicle to a plug-in, or up to $2,500.$5000 could cover, certainly goes a long way, to make up the differential between a gasoline only hybrid and a plug-in. Over 200,000 PHEVs. And if the OEMs don't step up to the plate, $2500 should push a significant number of hybrid owners to contemplate conversions coming to market in 2008.
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