Laura K. Cowan

Transportation Secretary LaHood: Rebates May Replace Hybrid Vehicle Tax Credits

by , 05/19/11

green transportation, alternative transportation, Ray LaHood, U.S. transportation secretary, hybrid vehicle rebate, hybrid vehicle tax credit

U.S. Transportation Secretary Ray LaHood announced Tuesday that car dealers could handle the $7,500 tax credit for hybrid vehicles in the form of upfront, point-of-purchase rebates as soon as 2012, referencing the legislation proposed by U.S. Senator Debbie Stabenow earlier this year. LaHood believes Congress will consider shifting the tax rebates to the showroom as part of changes to U.S. tax and energy policy later this year.

green transportation, alternative transportation, Ray LaHood, U.S. transportation secretary, hybrid vehicle rebate, hybrid vehicle tax credit

LaHood was at Nissan’s new Smyrna, Tennessee, EV battery plant when he made the announcement. “We’re doing a lot of talking about it,” LaHood said of the legislation. “When you give people that incentive to buy a battery-powered car, they’ll do it. We know these incentives help.” What do you think of this proposed change? Would making your $7,500 rebate immediate make you more likely to buy an EV than the current federal tax rebate setup?

Via Automotive News

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2 Comments

  1. caeman May 19, 2011 at 1:15 pm

    No, no, no. The citizens should be helping rich people to buy $40k price tag cars. High gas prices will drive people to gas-electric hybrids. This is a huge waste of tax money.

  2. brothenberg May 19, 2011 at 11:14 am

    Read this article, and then you tell me if you think that will help? Also bear in mind the resale value has been set at $17k for 36 months. http://www.autoblog.com/2011/02/17/chevy-volt-price-gouging-dealers/

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