Electric cars get charge from stimulus

Thanks to President Obama’s stimulus package, Americans can now get big tax breaks on more types of electric vehicles.

The credits originally would have stopped after they had been claimed on 250,000 vehicles across the whole industry. Now the credits will apply on to up to 200,000 vehicles from any single manufacturer.

The old rules, passed in the fall of 2008, applied only to cars in the traditional sense, i.e., four-wheeled vehicles. Now three-wheeled and even two-wheeled electric vehicles are also eligible. Tax credits for these vehicles are calculated differently and they won’t be available until next year.

Read the rest at http://money.cnn.com/galleries/2009/autos/0902/gallery.electric_car_credits/index.html