Our Terms of Service and Privacy Policy have changed.

By continuing to use this site, you are agreeing to the new Privacy Policy and Terms of Service.

5 of 6
BACKNEXT
EV Innovations Flash
EV Innovations Flash
Cost: $57,500
Tax credit: $4,000*
EV Innovations, formerly called Hybrid Innovations, makes several all-electric plug-in cars that are converted from standard gasoline-powered cars.

The vehicles use lithium-ion batteries, and the conversion isn't cheap. So they ultimately cost much more than you'd expect to pay for a typical Toyota Yaris, Chrysler PT Cruiser or a Mini Cooper. You clearly would not buy a car from EV Innovations just to save on gas money, even with the tax credits.

EV Innovations calls its converted Mini the Flash. The image here is an unconverted Mini Cooper.

For converted cars like these, the credit is calculated as 10% of the cost of converting the vehicle - not the entire cost of the vehicle - up to a maximum of $4,000. On average, the conversion costs about $40,000, EV Innovations said.

NEXT: Dueco T292

Last updated February 23 2009: 1:53 PM ET
*Based on reading of legislation. IRS rules not yet finalized.
Find Your Next Car
More Galleries
World's Top Employers for New Grads For an exclusive CNNMoney list, research firm Universum Global surveyed business students at colleges around the world to see where they most want to work. More
Brexit voices: In or out? CNNMoney speaks to British people to find out their views ahead of the referendum on EU membership. More
10 key facts about the U.S. economy Unemployment is down, gas is cheap and America is growing. But just how strong is it? More

Special Offer