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Article: Tax break jolts sales of plug-in cars
- Article from:
- Indianapolis Business Journal
- Article date:
- October 26, 2009
- Author:
CopyrightCopyright IBJ Corporation Oct 26, 2009. Provided by ProQuest LLC. (Hide copyright information)
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GAS CITY - Of all the inappropriate postmarks for the largest distributor of plug-in electric vehicles in Indiana, Gas City, about an hour north of Indianapolis, takes the prize.
But Steve Mitchell, proprietor of Electric Cars and Carts, figures he's in the right place as far as business prospects go. Despite a stalled economy, Mitchell's electric vehicle sales are up 35 percent over the same month last year.
It's likely due to a little-known federal tax credit enacted this year. The credit is good for up to $5,335 toward some of Mitchell's on-road electric inventory, which includes shrunken adaptations of Cadillac Escalades, Hummer Has and even 1930s-era roadsters.
Apply that credit toward ...