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Thursday, September 29, 2005

Wow...this is pretty cool... 
Starting in 2006, the Energy Tax Incentives Act of 2005 provides for some pretty nifty incentives for fuel efficient vehicles:

You can get a fuel economy tax CREDIT (not a deduction - a credit) of up to $2,400 for a car that gets 2.5 times the milage the comparable model got in 2002, or up to $400 dollars for a car or light truck that gets 25 to 50 percent greater milage than the 2002 model.

You can also get a conservation credit of up to $1000 dollars, based on estimated fuel savings over the life of the vehicle.

FUEL CELL Vehicles: The credit can be as high as $12,000 for a fuel cell car or light truck, depending on the vehicle's weight class and fuel economy compared to 2002 models. The base credit ranges from $8,000 for cars to $40,000 for trucks over 26,000 pounds.

The new alternative fuel vehicle credit can be as high as $4,000 for cars and light trucks, based on a percentage of the incremental cost of the vehicle.

Don't jump too soon, though. The new credits don't take effect until 2006.

As a fan of sales tactics, though, I'm curious about how these vehicles, though. I'm going to visit a dealership soon and find out.

Splash, out

Jason

Comments:
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