Tuesday, August 02, 2005

Get Your Biodiesel Running
My Hooptie

So, there might be something in it for me when all is done and dusted with BushCo's Energy Bill: tax breaks for buying a clean diesel vehicle. The Diesel Technology Forum has a press release with some info:

 
American drivers who purchase newer, cleaner-burning diesel cars, trucks and SUVs will soon be eligible for the same kind of tax incentives as purchasers of gasoline-hybrid electric vehicles under a new national energy plan expected to be signed into law soon by President George W. Bush. Along with hybrids, clean diesel vehicles offer a fuel sipping alternative that is 20 to 40 percent more efficient than gasoline alternatives, according to the Diesel Technology Forum (DTF).
[...]
Beginning January 1, 2006, the new law allows consumers who purchase some new diesel-powered cars, light trucks and SUVs to be eligible for up to $3,400 in tax credits based on the weight, fuel efficiency rating and emissions level of the vehicle, as determined the U.S. Environmental Protection Agency. The credit is available through December 31, 2010.
 


I'll be looking forward to finding out the EPA's final formulation on tax breaks for hybrids versus clean diesel.


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