When most think of “green” states and automobiles, California typically sits on the top of that list. But Colorado apparently has plans to not only pass California in some regards, but to leap frog The Golden State completely.
According to the U.S. Department of Energy, The Colorado Department of Revenue is offering up to an 85% tax credit for the purchase of a lower-than-normal emission vehicle. To be more precise, Colorado is offering a 50% tax credit off of the purchase price of a new Low Emission Vehicle, 75% back on an Ultra Low or Inherently Low Emission Vehicle, and a staggering 85% back on a Zero Emission Vehicle. To qualify the purchase must be made between January 1, 2007 and January 1, 2010 – that’s it.
So which cars win big with this legislation? The clear winner is the Tesla Roadster which awards its purchaser with a $42,083 tax rebate. Many hybrid models such as the Toyota Prius , Ford Fusion and Honda Insight also qualify for substantial rebates and there are even pure gasoline models that also qualify for various levels of these substantial subsidized rebates.
