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 Internal Revenue Service’s Alternative Motor Vehicle provision, for example, is targeted at reducing greenhouse gas emissions. BMW announced this week that its latest 2011 BMW ActiveHybrid 7 will be entitled to a $900 tax credit under the scheme. The standard and long-wheelbase versions of the ActiveHybrid 7, which are rolling into showrooms across the country as you read this, become the fourth and fifth BMW models to qualify for...