Wednesday, February 18, 2009

BMW 335d and X5 diesel qualify for IRS tax credit


Tax incentives designed to help promote the adoption of technology that is slightly more expensive but in the end, more fuel efficient, are growing rapidly. The IRS' Lean Burn Technology Motor Vehicle Tax Credit, for example, is targeted at reducing greenhouse gas emissions. BMW announced today that its 335d sedan and X5 xDrive35d SUV both qualify for credits under the measure. The 335d sedan is eligible for a $900 tax credit under the Lean Burn bill, while the larger X5 xDrive35d can tap up to $1,800 in credit.

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