As I was watching coverage over the past couple of days regarding the Fiscal Cliff deal, I started to wonder:
How would this impact the automotive industry?
Well, after the deal got passed in the house I continued looking into what was going on in various publications and ran across a Reuters story in The Huffington Post. While the piece was discussing what was shoehorned into the bill to quickly get "handouts and takebacks" passed, I noticed one little paragraph -- highlighted below -- that details what exactly is going to impact the automotive industry.
Essentially, green energy gets more love from Washington.
Look out for those plug-in electric vehicles, biodiesel and renewable diesel vehicles to continue receiving tax credits.
WASHINGTON, Jan 1 (Reuters) - The U.S. Senate packed an eclectic mix of handouts and takebacks into its last-minute deal to avoid the "fiscal cliff," including a measure to repeal part of President Barack Obama's signature healthcare overhaul and a string of special interest tax breaks...
...Green energy was another big winner in the bill. Roughly a dozen provisions would extend
credits and incentives for plug-in electric vehicles, energy-efficient appliances, biodiesel and
renewable diesel, and other alternative energy initiatives...
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