As the new year approaches, a tax credit for electric car chargers is about to die unless it is revived at the last minute. Considering there are a slew of new, electric products coming to market this could put a bad rub on an electric vehicle for some buyers.
But for others, it's not a big deal.
In the story, a General Motors spokesperson points out that most folks -- 40 percent -- charging their plug-in Volt opt to charge via the standard 110-volt jack over the specially installed 220 volt. Essentially the credit doesn't hamper the typical buyer.
However, for the folks that are interested in full-on electric vehicles, that's a different story altogether as they typically require a lengthier charging period. Thus, a more powerful charging station is able to cut down on extensive waits.
According to USAToday, the U.S. Department of Energy announced $7 million dollars in grant money to be awarded to four companies in order for them to develop a low-cost charger.
Just as several new plug-in electric vehicles are headed to showrooms, the government is letting expire a tax credit for installing home and commercial charging equipment.
A tax credit for chargers ends Saturday, even as proponents press Congress to reinstate it, perhaps retroactively, in January.
"The timing of this couldn't be more unfortunate," coming just as more electric cars are on the way, says Genevieve Cullen, vice president of the Electric Drive Transportation Association, a trade group for the electric-vehicle industry...
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