BMW is offering the rebates on the X5 35d and 335d as an "Eco Credit" to supplement Cash for Clunkers. BMW points out that on top of the up to $4,500 in incentives, buyers of the Bavarian diesels are also eligible for tax credits of $900 for the 335d and $1,800 for the X5 35d. And since the oil-burners are so efficient, BMW estimates fuel savings over four years at $2,000 verses comparable petrol-powered luxury rides.
The program, which runs through August 31, is being advertised as a one-time special offer, but it could also signal a lack of acceptance for diesel-powered luxury vehicles in the US. That would be too bad, though, because the diesel Bimmers we've driven were flat-out terrific, and with 580 miles/tank and a 20% reduction in CO2, they're eco-friendly, too. Hit the jump to read the BMW press release. Hat tip to Why not the LS2LS7.