Illinois to Offer $1000 Hybrid Tax Rebate

The first 2000 buyers would get a piece of the $2 million set-aside.

Published: 17-Jul-2007

SPRINGFIELD -- As gas prices continue to climb, state Treasurer Alexi Giannoulias is hoping a $1,000 check will sway car shoppers to the hybrid section of auto showrooms.

Giannoulias' rebate program for Illinois residents who buy new hybrids or energy-efficient vehicles with loans from in-state banks begins Monday.

Consumers will save money through the program, which also benefits the environment, said Giannoulias, who says his "Green Rewards" program will be the largest hybrid rebate program in the nation.


Automaker must have hybrids despite expense and doubtful benefit - GM 'product czar'

Packing 260 hp (191 kW) from the 2.0-liter turbo BioPower engine and a total of 148 kW from its three electric motors, the Saab BioPower Hybrid Concept provides significantly greater torque than its gasoline-only equivalent.

Automotive columnist James R. Healey test drives the 2007 Toyota Camry Hybrid and finds that with the tax credit -- which just got cut in half -- the price difference vanishes.


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