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EV, PHEV Credits Remain; Diesel, CNG and Hybrid Cars Stand to Lose Federal Support At End of Year 








By Danny King, Contributor


Looking at Washington D.C.'s public policy efforts when it comes to encouraging Americans to buy alternative-fueled vehicles, its easy to be reminded of the Bruce Springsteen lyric, "One step up, and two steps back."


Tax incentives for buyers of hybrids, diesels and compressed natural gas (CNG) cars are set to expire at the end of the year, putting alternative-fuel momentum at risk because the cars tend to be more expensive than their gas-powered counterparts.


Meantime, the Obama Administration and many of its GOP foes have at least one thing in common - they are urging Americans to buy vehicles that are less dependent on oil than the guzzlers of the past.


Tax credits for purchasers of the Chevrolet Volt extended-range plug-in, Nissan Leaf EV and other battery-dependent vehicles are likely to remain in force for a few years.




But with anti-spending forces gaining power in Congress, extensions of the tax credits for  hybrids, diesels and natural gas vehicles are looking to be unlikely.
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Tags: Alternative Fuels, Diesel, Ethanol, Hybrid, Natural Gas, Plug-ins and Electric, Tax Incentives, Alternative Fuel Vehicle Tax Credits, Hybrid Car Tax Credits

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Hybrid, Alt-Fuel Tax Credits Expire Dec. 31 Without Congressional Renewal was originally published by Green Car Advisor. Read the full story by clicking here.