[dheera]

The other problem is there is no way a car could be converted for $2000 in parts and labor.

Even saran wrapping your car in PPF costs $2000 nowadays, you expect an engine conversion?

[mulmen]

The subsidy doesn't have to cover the full cost, it only has to make the conversion economically feasible. A 2014 Chevy Equinox with an EV conversion might make sense at 16k but not at 18k for example.

[dahfizz]

Nobody said the incentive will cover 100% of the conversion cost. TFA quotes a conversion at around $14,000.