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SEARCHThe electric-car charger tax break for individuals and for businesses was not renewed by Congress, while the Department of Energy gives grants to companies to develop low-cost chargers, according USA Today.
The electric-car charger tax subsidy is set to end with 2011 on Saturday, since the U.S. Congress did not renew the tax break for 2012, according to USA Today.
The credit allowed taxpayers to deduct 30% of the cost of chargers up to $30,000 on commercial units and up to $1,000 for household chargers. In 2010, the tax break allowed up 50% of the cost of the charger.
Meanwhile, the Department of Energy said that it has invested $7 million in grants for four companies to develop low-cost, electric-vehicle chargers.
For the full article, click on this URL: http://www.usatoday.com/money/autos/environment/story/2011-12-30/electric-car-charger-tax-breaks/52234182/1
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