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    Report: How Washington's fiscal cliff deal helps NASCAR and electric motorcycles
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    With the so-called fiscal cliff looming like a New Year's Day hangover, US lawmakers were able to strike an eleventh-hour deal that should prove beneficial to couples making less than $450,000 a year. Like any piece of US legislation, though, there was enough pork stuffed inside to ensure ...

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    Report: Obama's proposed budget calls for upping plug-in vehicle tax credit to $10,000
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    As a candidate, Barack Obama promised to try and get a million plug-in vehicles on U.S. roads by 2015. In his State of the Union address in 2011, he repeated that number and proposed turning the $7,500 tax credit into a point-of-purchase rebate. That hasn't yet happened, but in the President's ...

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    GM clarifies Volt's "low 30s" price is only possible after tax credit
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    2011 Chevrolet Volt – Click above for high-res image gallery
    $40,000. That's the potential price we've heard for the first-gen Chevrolet Volt for ages, and it's the number we get again, now that the recent "low 30s" price rumor has been put to rest. Again. General Motors spokesman Dave ...

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    Senator calls for tax incentives on all new-car sales
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    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. ...

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    Jetta TDI buyers to get $1,300 back from the IRS
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    Now that Toyota has sold so many Priuses that the popular hybrid no longer qhalifies for federal tax credits, and they are essentially sold out until the new generation cars show up next year, people might be wondering where to go for a high mileage vehicle. Volkswagen's new 50-state legal Jetta ...

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    Hybrid tax credits hit the redline
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    U.S. federal tax breaks for buyers of hybrid cars will start shrinking this fall, with Toyota hitting the production limit of 60,000 units after only five months of sales.The declining scale for tax credits triggered by the production limit will cut credits for Toyota and Lexus hybrids in half by ...

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    Bush wants to lift cap on hybrid tax credits
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    President George Bush believes lifting the current cap on tax credits for hybrids and advanced diesels is one step the government can take to deal with soaring gas prices.The current tax credit scheme starts to phase out for a given brand of car once 60,000 vehicles are sold. Toyota's fast-selling ...

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    New York Auto Show: Honda to NY Civic buyers: "Phill 'er up!"
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    Honda announced today that it is bringing to market a compressed natural gas (CNG) motivated Civic GX to New York buyers this fall. According to the automaker, the GX will put out 'near zero emissions,' giving owners access to tax credits and home refuelling via an optional Phill home refueling ...

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    Ford sets up hybrid hotline for tax season
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    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 ...

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    PSA: Still time for the U.S. hybrid tax credit
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    Looking for an easy tax credit? Look no further than the U.S. tax credits for hybrid vehicles. While the program's days are numbered, our friends over at Treehugger tell us that the program isn't extinct yet. 60,000 vehicles is the magic number of hybrid each manufacturer can sell ...

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