TOOLS PRINT EMAIL Wall Street Bailout Bill Includes Plug-In Tax Breaks By Liz Opsitnik Friday, 03 October 2008 10:50 Part of the Wall Street bailout bill that was passed today and signed by President Bush includes $1 billion in tax breaks for plug-in electric vehicles, reports the Detroit News. The provision would grant all-electric vehicles or plug-in models with at least a four-kilowatt battery pack a $4,168 credit.  The Chevrolet Volt, for example, has a 16-kwh battery and would qualify for the maximum $7,500 credit. "We fully support the plug-in vehicle tax credit," said GM spokesman Greg Martin.  "Consumer tax incentives are traditionally one of the most effective ways to accelerate early adoption of energy-saving technology." Toyota also is happy about the tax breaks. "We support consumer tax incentives in the early years for advanced technology vehicles, like hybrids and plug-ins, to help get the technology into the market as we work to refine the technology and reduce costs," said Toyota spokeswoman Martha Voss.

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As Sales Decline, Luxury Car Incentives Rise
Historically, luxury cars have fared better than lower-end vehicles during market downturns. Unfortunately for luxury carmakers, this year’ ... Read More

Hyundai Accent is America’s Cheapest Car by $20
What does $20 get you? It will buy you half a tank of gas, maybe dinner for two at Chili’s (as long as you both agree to drink water). Now ... Read More

Nissan, Along With Six Others, Plans on Skipping Detroit Auto Show
Detroit is in rough shape.  First, their Big Three automakers get rejected for their loan, and now the auto show will be almost empty.  Niss ... Read More