Washington wants rebate on EVs
The federal government currently offers a $7,500 tax credit on the purchase of electric vehicles, but that can't be taken until buyers file their income taxes.
LaHood said he expects the change to be a part of any tax bill that is passed in the next year and a half.
He made the remarks during a tour of Nissan North America Inc.'s lithium-ion battery plant in Smyrna. The plant should be complete in late 2012 and will be able to produce 200,000 batteries a year for the all-electric Nissan Leaf.
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Peterborough Distribution sold to Hydro One for $105 million.
PETERBOROUGH - The City of Peterborough said Wednesday it has agreed to sell Peterborough Distribution Inc. to Hydro One for $105 million.
The deal requires the approval of the Ontario Energy Board.
According to the city, the deal includes a one per cent distribution rate reduction and a five-year freeze in distribution rates for customers, plus:
- A second five-year period with distribution rate increases limited to inflation and an earnings sharing mechanism to offset rates in year 11 and onward
- Protections for PDI employees with employees receiving employment offers to move to Hydro One
- A sale price of $105 million
- An agreement to develop a regional…
