The Car and Truck Fleet and Leasing Management Magazine

Energy Bill Proposes Tax Credits for Diesels and Hybrids

May 03, 2005

WASHINGTON, D.C. — Cars and trucks with new, cleaner-burning diesel engines and gasoline-electric hybrids would be eligible for tax credits under a $2.5 billion initiative President Bush outlined April 27, according to the Detroit News.Making a renewed push to encourage development of new fuels, Bush said he supported wider use of ethanol and biodiesel — diesel fuel extracted from leftover fats and vegetable oils.He also praised emerging hybrid technology as a crucial step toward the fuel-cell cars of the future. "Their electronic systems are paving the way for tomorrow's hydrogen-powered vehicles," Bush said. The cost of driving has soared as the price of oil reached a record $55 a barrel and gasoline prices topped $2.20 a gallon. Tax credits could provide a huge boost for diesel engines, which many in the United States continue to view as noisy and dirty despite major advances.Diesel-powered cars represent nearly half of all sales in Europe but less than 1 percent in the United States, where many consumers remember the shoddy diesels of the 1970s.At the same time, sales of gasoline-electric hybrid vehicles such as the Toyota Prius, Ford Escape Hybrid, and Honda Civic Hybrid are soaring, with buyers forced to wait months to purchase one.In the last year, Jeep, Volkswagen AG, and Mercedes-Benz have introduced a new generation of diesel-powered vehicles.
Twitter Facebook Google+


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.


Fleet Tracking And Telematics

Todd Ewing from Verizon Connect will answer your questions and challenges

View All


Fleet Management And Leasing

Jack Firriolo from Merchants will answer your questions and challenges

View All


Fuel Management

Bernie Kanavagh from WEX will answer your questions and challenges

View All


Sponsored by

In North America, the company operates as Hyundai Motor America and sells a compacts, sedans, crossovers, and premium/performance-oriented models.

Read more

Fuel Saving Strategies Survey

View our 2008 survey to benchmark your fleet's fuel and green strategies with other fleets.

Fuel Calculator

A managed fuel program can help you save time and money and gain control over the way you fuel your vehicles. Determine your potential savings by using our fuel calculator.
Launch Fuel Calculator 

Fuel Prices

U.S. Gasoline and Diesel Fuel Prices.

Launch Fuel Prices 

Up Next

More From The World's Largest Fleet Publisher