Green Car Incentives Are Just Starting To Roll Says CNBC
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By: Phil LeBeau
CNBC Correspondent
29 Oct 2009
If it's not clear to you yet, it should be. The green wave of incentives, tax breaks, and government grants is just starting to wash over auto companies and customers.
The latest comes from the state of California, which is waiving $29 million in sales taxes on equipment needed for the expansion of Tesla Production in that state.
That sweetener is just part of the green wave of green flowing toward cleaner and greener cars.
The Department of Energy is in the midst of doling out billions to automakers as diverse as Ford and Fisker as well as to parts suppliers including Tenneco.
The goal: kick start production of green vehicles and technology.
36 States around the country are offering rebates on hybrids and electric cars.