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Now that the deuces are wild for Massachusetts, its governor is placing a bigger bet on electric-vehicle adoption in the Bay State. With exactly 222 publicly accessible electric-vehicle charging stations currently available, the famously liberal Massachusetts is finally joining the ranks of those states that are piling rebates on top of the incentives the federal government provides for those who buy electric vehicles or plug-in hybrids. With that gesture, Gov. Deval Patrick is putting a charge
Former XFL football player Rod Smart gained brief pop-cultural fame a few years back by putting the name "He Hate Me" on the back of his jersey. It's a sentiment Tesla Motors chief Elon Musk might be feeling about Texas and the long arm of its pro-dealership law after the Lone Star State laid out provisions for its planned rebates for buyers of electric and natural-gas vehicles.
Ford is hoping 6,700 free miles, or thereabouts, will allay some dissatisfied C-Max Hybrid buyers. The automaker said in August that it would send out rebate checks after it had to lower its fuel economy rating on much-hyped model has now started making good on that promise, Automotive News reports. Have you gotten yours?
Government incentives can be an important boost for new technologies moving from the testing ground to mainstream markets, but incentives are not guaranteed to achieve intended results – and there's no promise a government can maintain support. In an era of budgetary pressures (such as now), incentives can become easy targets.
The government of France uses a "bonus-malus" system to encourage its citizens to go green with their next car purchase. The more fuel efficient a vehicle you buy, the bigger incentive you get. The more gas guzzling a vehicle you buy, the bigger penalty you pay. Unfortunately for France, too many people are buying fuel efficient vehicles and taking advantage of the government incentives, which means income from the gas guzzling penalty hasn't been high enough to make the program budget neutral.
If you're in the market for a new car, today just might be your day. According to both Time and TrueCar.com, a perfect storm of factors have collided to make this the best day all year for consumers to get the greatest deal possible on a new hunk of sheetmetal. With a perfect mix of dealer incentives and manufacturer rebates mingling with the fact that dealers are now staring down the barrel of end-of-the-month sales targets and a stack of 2011 models coming down the pike, savvy buyers should be
In an effort to spur lagging sales, Chrysler has reportedly cranked up incentive spending on nearly all of its models by $1,000 to $1,500 while also offering 0% financing on many of its models. Chrysler is also said to be offering lease incentives of $500 to $1,000 on minivan leases and financing deals on leftover 2008 and 2009 Dodge Vipers.
As you're aware by now, yesterday's big news was H.R. 3435, the emergency legislation passed by the House of Representatives authorizing an additional $2B for the CARS scrappage scheme. As had been widely reported on Thursday, the clunkers program appeared to have run out of money a lot sooner than anyone had expected, sending legislators in favor of it into a panic. After a period of impassioned floor debate (the Michigan delegation appeared on the verge of a collective nervous breakdown, treat
While tanking auto sales are bad for automakers, the customers buying cars and trucks are paying less for them than any time in the past 30 years. Comerica Bank's Auto Affordability Index shows that a vehicle with a $26,000 MSRP takes the average family 21.5 weeks of median income to buy. That's 1.3 weeks less than in December of 2008, as incentives have grown by an average of $1,700 per vehicle purchase in only five months. Lower interest rates and deep discounts are being assisted by looser cr
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