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
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:
They should do a tax credit based ON the actual mileage of the vehicle. I have a 2002 model, and it gets 45 MPG diesel(Jetta TDI). This fails to reward older-model high mileage cars. Geo Metro anyone?
# posted by 
: 11:48 AM
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Since by 2010, Ballard says they'll be building fuel cell stacks for about the same cost as a similar capability IC engine, I'd say the fuel cell incentive is a very, very sweet deal.
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