Serves the Commercial Small Fleet Market of 10 – 50 Vehicles

Tax Breaks for Hybrids Likely to Die

November 12, 2002

A two-year effort to offer enhanced tax breaks and rebates to consumers and companies who purchase vehicles with energy-saving technology will most likely die when Congress adjourns in late November, according to the Detroit News.While the Republican takeover in the Senate could produce a friendlier tax code when lawmakers return in January 2003, the latest delay will be a disappointment for automakers, the News said.Major automakers and a coalition of environmental groups have endeavored since the early days of the Bush administration to make auto tax credits a key part of a new U.S. energy plan, according to the News.
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