What is the $10,000 Incentive to Buy an Plug-In Vehicle?

President Obama has a new budget proposal that eliminates federal tax credit for plug-in vehicles. With the tax credit comes an incentive that could cut up to $10,000 off of the purchase price of plug-ins. So far onlookers, including The Wall Street Journal say that this proposal has no way of passing in its current state.

But wouldn't it be nice if the Prius Plug-In were $10,000 cheaper, just for being a plug-in?

On the same note, Montpelier is offering free electric vehicle charging at City Hall for the next year. The parking space is located behind City Hall and there's no need to pay a meter while you're charging. City Manager William Fraser said that he hopes this will increase the market for EVs in Vermont.

Happy charging!


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Image via the green car company.