Autoblog http://www.autoblog.com Autoblog http://www.blogsmithmedia.com/www.autoblog.com/media/feedlogo.gif Autoblog http://www.autoblog.com en-us Copyright 2009 Weblogs, Inc. The contents of this feed are available for non-commercial use only. Blogsmith http://www.blogsmith.com/<![CDATA[GM's Lauckner wishes for bigger incentives to get drivers out of gas-powered vehicles]]>http://www.autoblog.com/2009/10/21/gms-lauckner-wishes-for-bigger-incentives-to-get-drivers-out-of/http://www.autoblog.com/2009/10/21/gms-lauckner-wishes-for-bigger-incentives-to-get-drivers-out-of/http://www.autoblog.com/2009/10/21/gms-lauckner-wishes-for-bigger-incentives-to-get-drivers-out-of/#commentsFiled under: , ,

At this point, it's no secret that the Chevy Volt and other plug-in vehicles are not going to come cheap. About the least pricey full-speed electric vehicle may very well be the Nissan Leaf, which after incentives may be in the $27-28,000 range before the extra cost of leasing the battery. While the operational costs of these cars should be substantially less than any internal combustion vehicle, customers rarely think that far ahead when signing up for a car loan. That's especially true when gas remains well under $3 a gallon here in the US.

Speaking at the Business of Plugging In Conference in Dearborn, Michigan this week, GM's VP of Global Program Management told the audience that incentives will need to be increased for plug-in vehicles to start gaining a real foothold in the US market.

Although GM won't announce pricing until its launch a year from now, most observers expect the Volt to run about $40,000. With a $7,500 federal tax credit, it will still be well over $30,000, which is very expensive for a compact car. Unless gas prices get significantly higher or incentives are increased, most buyers are unlikely to find this or other plug-ins to be a good economic proposition.

[Source: Detroit News]

GM's Lauckner wishes for bigger incentives to get drivers out of gas-powered vehicles originally appeared on Autoblog on Wed, 21 Oct 2009 17:41:00 EST. Please see our terms for use of feeds.

Read | Permalink | Email this | Comments]]>2011 chevy volt2011ChevyVoltchevy voltChevyVoltJon LaucknerJonLaucknerplug in hybridplug-inplug-in hybridplug-in-hybridplug-in-hybridsPlug-inHybridpluginPlugInHybridpluginstax incentivetax incentivesTaxIncentiveTaxIncentivesWed, 21 Oct 2009 17:41:00 EST<![CDATA[Senator calls for tax incentives on all new-car sales]]>http://www.autoblog.com/2008/11/12/senator-calls-for-tax-incentives-on-all-new-car-sales/http://www.autoblog.com/2008/11/12/senator-calls-for-tax-incentives-on-all-new-car-sales/http://www.autoblog.com/2008/11/12/senator-calls-for-tax-incentives-on-all-new-car-sales/#commentsFiled under: , ,

When automakers are throwing thousands of dollars of incentives on the hoods of their wares in an effort to stimulate sales, what good would another $1,500 on a $25,000 car do? As the recent sales numbers show, buyers aren't being taken in by the constant sounding of the "SELL SELL SELL!" klaxon. Great deals on new cars are out there to be had, if only anyone had some money.

Senator Barbara Mikulski of Maryland thinks that the economic panic can be partially abated by allowing buyers of new vehicles to deduct auto loan interest, fees, and sales tax related to the purchase of a new car from their income tax. The proposed initiative would run from now through the end of 2009, and is only for families earning less than $250,000, or individuals making $125,000. Hey, nobody is really going to complain about getting a tax break, but it seems that buyers have already shown that they're wary, even with fantastic deals to be had.

[Source: Kicking Tires]

Senator calls for tax incentives on all new-car sales originally appeared on Autoblog on Wed, 12 Nov 2008 18:32:00 EST. Please see our terms for use of feeds.

Read | Permalink | Email this | Comments]]>barbara mikulskiBarbaraMikulskicar taxCarTaxmikulskinew car tax breakNewCarTaxBreaktax breaktax breakstax credittax creditstax incentivetax incentivestax rebateTaxBreakTaxBreaksTaxCreditTaxCreditsTaxIncentiveTaxIncentivesTaxRebateWed, 12 Nov 2008 18:32:00 EST<![CDATA[City of Flint gives GM tax breaks for Cruze and Volt factory]]>http://www.autoblog.com/2008/08/28/city-of-flint-gives-gm-tax-breaks-for-cruze-and-volt-factory/http://www.autoblog.com/2008/08/28/city-of-flint-gives-gm-tax-breaks-for-cruze-and-volt-factory/http://www.autoblog.com/2008/08/28/city-of-flint-gives-gm-tax-breaks-for-cruze-and-volt-factory/#commentsFiled under: , , , ,

Giveth, and taketh away, isn't that always the story? On the taketh away side, GM has recently lost a serious chunk of change. On the giveth side, The General received a $56 milion package of tax credits and grants to keep an SUV factory open in Ohio. It has also just received another package of tax credits from the city of Flint, Michigan to aid its investment in a factory that will build engines for the new Volt and Chevy Cruze. Approved over some constituent disapproval by the Flint City Council, getting GM to build the factory there will keep 300 jobs in the city. GM is now looking to the state of Michigan for more tax incentives.

[Source: Detroit News via Green Car Congress]

City of Flint gives GM tax breaks for Cruze and Volt factory originally appeared on Autoblog on Thu, 28 Aug 2008 18:32:00 EST. Please see our terms for use of feeds.

Read | Permalink | Email this | Comments]]>factoriesflintflint michiganFlintMichigangmplantstax breaktax breakstax incentivetax incentivesTaxBreakTaxBreaksTaxIncentiveTaxIncentivesThu, 28 Aug 2008 18:32:00 EST<![CDATA[Toyota asks Thai government for large hybrid tax breaks]]>http://www.autoblog.com/2006/05/02/toyota-asks-thai-government-for-large-hybrid-tax-breaks/http://www.autoblog.com/2006/05/02/toyota-asks-thai-government-for-large-hybrid-tax-breaks/http://www.autoblog.com/2006/05/02/toyota-asks-thai-government-for-large-hybrid-tax-breaks/#commentsFiled under: , , ,

Toyota's Thailand arm is lobbying the government for hybrid tax incentives. The nation's biggest automaker is hoping authorities will incentivize its Dual Synergy Drive hybrids with engines larger than 3.0-liters.

For its part, the Thai government already allots a 10-percent excise tax on sub 3.0-liter hybrids, but the cars remain unpopular, in part due to huge import tariffs (reportedly in excess of 80 percent!). However, the country has recently signed a number of free trade agreements that will go a long way towards leveling the playing field as early as next year.

That said, Toyota's request appears unlikely to be granted, as it is reportedly against government policy to encourage the use of larger vehicles that demand more resources.

[Sources: ThaiDay; Lexus]

Toyota asks Thai government for large hybrid tax breaks originally appeared on Autoblog on Tue, 02 May 2006 17:32:00 EST. Please see our terms for use of feeds.

Read | Permalink | Email this | Comments]]>Hybrid Synergy DriveHybridSynergyDriveLexustax breaktax breakstax incentiveTaxBreakTaxBreaksTaxIncentiveThai governmentThaiGovernmentThailandToyotaTue, 02 May 2006 17:32:00 EST<![CDATA[Ford sets up hybrid hotline for tax season]]>http://www.autoblog.com/2006/04/11/ford-sets-up-hybrid-hotline-for-tax-season/http://www.autoblog.com/2006/04/11/ford-sets-up-hybrid-hotline-for-tax-season/http://www.autoblog.com/2006/04/11/ford-sets-up-hybrid-hotline-for-tax-season/#commentsFiled under: , , , , ,

Since you're paying a premium for that hybrid in the garage it's important to get back every penny of that purchase you're entitled to. If you purchased either a Ford Escape or Mercury Mariner Hybrid this year (or any other automaker's hybrid), next year you'll be able to claim some type of tax incentive that ranges anywhere from $1,950 to $5,925 depending on where you live. Ford dealers now have a direct line to a hybrid hotline set up by the company that will aid Blue Oval customers in determining how much in incentives their entitled to from federal, state and local governments. 

Where's the most lucrative state in which to own a hybrid? West Virginia, which combines the $1,950 - $2,600 federal tax credit with West Virginia's Alternative Fuel Motor Tax Credit for a grand total of between $5,310 and $5,925 in tax relief.

[Source: Ford]

Ford sets up hybrid hotline for tax season originally appeared on Autoblog on Tue, 11 Apr 2006 19:08:00 EST. Please see our terms for use of feeds.

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