Serves the Commercial Small Fleet Market of 10 – 50 Vehicles

Bush Wants Tax Credits For Diesels, Others Don't

May 12, 2005

Last month, President Bush proposed a $2.5 billion program of credits for buyers of new diesels and gasoline-electric hybrids. But the next day, Sen. Orrin Hatch, R-Utah, introduced a subsidy bill that omits diesels. Instead, it focuses on hybrids, electric vehicles, alternative fuels and fuel cells, according to a May 11 report in Automotive News.Hatch is concerned that diesel is not clean enough. Environmentalists are fighting to keep diesels out of subsidy legislation. Diesel advocates call the new engines clean. Others don’t see a need to give tax credits to hybrid vehicles because they have a waiting list to buy them.The Bush administration favors tax credits of as much as $4,000 for gasoline-electric hybrids and as much as $8,000 for fuel cell-powered vehicles, once they become available. He did not propose a credit amount yet for diesels. The House of Representatives approved its latest version of comprehensive energy legislation on April 22. It includes tax credits of as much as $3,500 for buyers of new diesels, but it offers no direct breaks for buyers of hybrid or fuel cell vehicles.The Senate version of the energy bill is expected to include tax credits for a broader range of fuel-saving technologies.
Twitter Facebook Google+

Comments

Please note that comments may be moderated. 
Leave this field empty:
 
 

Fleet Incentives

Determine the actual cost of owning and running a vehicle in your fleet. Compare vehicles by class and model.

FleetFAQ

Fleet Faq Fuel Management

Bernie Kanavagh from WEX will answer your questions and challenges

View All

 

Fleet Tracking And Telematics

Todd Ewing from Fleetmatics will answer your questions and challenges

View All

 

Fleet Management And Leasing

Jack Firriolo from Merchants will answer your questions and challenges

View All

 

Sponsored by

Propane is produced from both natural gas processing and crude oil refining, in roughly equal amounts from each source. In the fleet industry, it can be used as a vehicle fuel.

Read more

Up Next

More From The World's Largest Fleet Publisher