Tuesday, December 04, 2007

No new hybrid credits in CAFE, energy bill?

Where are the tax credits, Nancy?

According to the DetroitNews, many Michigan Democrats are prepared to vote against the final energy bill if certain details are not resolved. One of those issues is tax credits for hybrid vehicles. Apparently, Congressional leaders want to split CAFE requirements and incentives for achieving CAFE into two separate issues.

Some Democrats, such as Debbie Stabenow, state "The regulations are real, and the funding needs to be real."

How can you regulate something that is going to cost automakers 10's of billions of dollars without both helping struggling automakers and giving consumers incentives to change their gas guzzling ways? I'd argue that the incentives for change are MORE important that the regulations for change.

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