Just in time for the new Tesla dealership in Boulder, the state of Colorado is offering a jaw-dropping head-scratching tax rebate on "alternative fuel vehicles"--to the tune of $42,083 for a new Tesla Roadster.
How is this calculated? Treehugger.com reports:
Colorado has been giving tax credits for alt-fuel vehicles for years, with the bigger ones going to "zero emissions vehicles" (at the tailpipe, anyway).
What they do is they calculate the difference in cost between the [Tesla Roadster] and "a comparable liquid-fuel automobile", in this case the gas-powered Lotus, and the tax credit is 85% of that price difference.
Since the Tesla is so much more expensive than the Lotus, this ends up being quite a lot of money ($42k).
If you're not in the market for a high performance electric sports car, there are numerous cars on the list eligible for various amounts of money back. Another of the more interesting cars eligible for a large chunk of change back is the Lexus LS 600hL. The large-luxury hybrid is eligible for $20,392 in rebates.
More detailed information regarding the tax credit can be found at the Colorado Taxpayer Service Division.
If you're interested in the rebate, act fast: the special credit is slated to expire on December 31st.