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Transportation Secretary LaHood: Rebates May Replace Hybrid Vehicle Tax Credits
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.
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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