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If you've got the cash, Oklahoma is practically giving away Kandi Coco plug-in electric cars. With Smart-like styling and Chinese production techniques, $895 buys you a lot of street legal electric action. How does it work? More »
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To encourage residents to buy cars with less emissions, Colorado is offering huge tax credits on such vehicles. The biggest winner is the Tesla Roadster, which comes with a $42,000 credit. How cheap is it after the rebate? More »
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Want a tax break? Buy a new hybrid, right? Wrong. A Senate amendment added to the House stimulus package offers tax breaks on purchase of practically any new vehicle under $50,000. If it passes. More »
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In an important step toward flooding our shores with torquey, fuel-efficient engines, Mercedes' BlueTEC SUVs have been granted the first consumer tax credits for diesel vehicles awarded by the EPA/IRS. The Detroit News reports the Mercedes ML 320 BlueTEC, R 320 BlueTEC, and GL 320 BlueTEC, all on sale starting October 1, have achieved 50-state emissions status and are capable of traveling 600 miles on a tank of fuel. The certification finally allows them hallowed status thanks to the Qualified Alternative Motor Vehicle Credit, something that hasn't always been the case. So, how much can you recoup on your investment? More »
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GM's two-mode hybrids, the Tahoe and Yukon, along with Chrysler's versions, the Durango and Aspen, have come to an ironic intersection in the tax code: These vehicles are eligible for a hybrid tax credit, yet theoretically should also be hit with the gas-guzzler tax. Does that sound like the world's loopiest loophole to you? We certainly think so. More »
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The Honda Civic hybrid is the latest victim of the hybrid tax break exemption. Beginning on July 1, the tax credit for owning a Honda Civic hybrid will be sliced in half, from $1,050 to $525, on its way down to zero. If you recall, owners of hybrid vehicles are only eligible for the full tax credit until the manufacturer sells 60,000 units of that particular hybrid vehicle. Then a phase-out process begins, eventually reducing the credit to nothing except that warm glow you get from the batteries exploding saving the planet. More »
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