Automotive Fleet
MenuMENU
SearchSEARCH

Bailout Plan Includes Plug-In Hybrid Tax Credit

Plug-in hybrid drivers and users of solar and wind energy are among those who stand to benefit.

by Staff
October 14, 2008
1 min to read


The U.S. financial bailout plan, signed into law Oct. 3, includes a tax credit for plug-in hybrid drivers, boosts subsidies to invest in non-conventional fossil fuels, and offers breaks to develop technologies to burn coal more cleanly and to sequester carbon dioxide emissions from coal plants underground. These are just some examples of the help the plan gives the clean energy sector.

Ad Loading...

The law will give drivers of plug-in hybrid vehicles a tax credit between $2,500 and $7,500, depending on the capacity of the battery. Larger vehicles, such as trucks, receive larger credits.

Ad Loading...

The law extends the alternative fuels tax credits and extends for one year the existing $1 per gallon credit for biodiesel and renewable diesel production.

For solar energy alone, the plan provides an eight-year extension to the 30-percent tax credit for solar residential and commercial solar installations, eliminates the $2,000 cap on that tax credit for solar electric panels installed after the end of this year and allows utilities to benefit from these tax credits.




More Green Fleet

A rear view of a Tesla getting charged at a depot
Green Fleetby Faith HowellSeptember 17, 2026

EV Charging Use Is Outpacing Infrastructure Growth

ChargePoint’s 2026 Charging Forward Report points to rising charger use, higher-powered charging, commercial vehicle electrification, and energy-management technology. Here’s what fleets should know.

Read More →
green car with text over it reading The Current State of Fleet Electrification
Green Fleetby Jeanny AbrahamAugust 13, 2026

Merchants Fleet Reports 290M EV Miles as Fleets Navigate Changing Electrification Market

From millions in operating savings to hundreds of millions of EV miles, Merchants Fleet’s latest report reveals what’s working and what’s changing in fleet electrification.

Read More →
Ad Loading...
a GM Energy Pass charging station
Green Fleetby News/Media ReleaseJuly 29, 2026

ChargePoint Now Available in Energy Pass

ChargePoint and additional planned charging network integrations were added to GM's Energy Pass.

Read More →
Cover of the "Top 50 Green Fleets" report presented by Automotive Fleet and Inspiration Fleet, featuring an aerial nighttime photo of a lit highway interchange with looping ramps.
SponsoredJuly 16, 2026

The Top 50 Green Fleets

The List Is in: The Top 50 Green Fleets

Read More →
a Slate EV preview thumnbail
Green Fleetby Chris BrownJuly 14, 2026

First Look: Slate Auto's Electric Fleet Pickup

Could an affordable, modular EV pickup make electrification more practical for fleets?

Read More →
Ad Loading...
Yellow Slate pickup truck on a platform.
Green Fleetby Martin RomjueJune 26, 2026

Slate Debuts Colorful, Unique EV Models

A recent media and client event, studded with electric vehicles dressed up on platforms, planted a new position for the manufacturer in the wider EV market. Fleets will find cost-saving advantages.

Read More →
Yellow Slate Fastback on a raised platform in a warehouse.
Green Fleetby Martin RomjueJune 25, 2026

Slate Electric SUV, Pickup Switchable Model Aims For Light-Duty Fleets

Everything about this EV is counterintuitive and understated, making it stand out from the crowd.

Read More →
Rendering of electric vehicles charging beneath a solar-panel canopy, illustrating Inspiration Mobility Group’s acquisition of Electrada assets to expand commercial fleet electrification services.
Green Fleetby News/Media ReleaseJune 17, 2026

Inspiration Mobility Acquires Key Electrada Assets

Inspiration Mobility Group has acquired select assets of Electrada, adding the fleet electrification provider's team, technology, and charging infrastructure development capabilities to its energy management business.

Read More →
Ad Loading...
wheel geotab image
SponsoredJune 1, 2026

Turning Connected Vehicle Data Into Decisions That Matter

Fleet leaders have more data than ever, but turning that data into clear, actionable decisions remains a challenge. This white paper shows how leading organizations are using connected vehicle data to improve safety, reduce costs, and optimize fleet performance. Learn how to turn insight into action across your fleet.

Read More →