Ford Goes with Greens on Hybrids

Wall Street Journal says Ford siding with with some environmentalists in a behind-the-scenes fight on Capitol Hill over a proposal to use tax credits to jump-start demand for hybrid gas-electric vehicles.

Published: 29-Mar-2001

NEW YORK (Reuters) - Ford Motor Co. is siding with some environmentalists in a behind-the-scenes fight on Capitol Hill over a proposal to use tax credits to jump-start demand for hybrid gas-electric vehicles, the Wall Street Journal reported in its online edition Thursday.

It is not clear that the proposal to offer tax breaks that could approach $5,000 to buyers of the innovative fuel-efficient vehicles will become law, the paper noted.

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