State offers $42,000 to buy sports car

Why, because it’s electric.

The state’s tax code gives residents a credit on their 2009 income tax for up to 85 percent of the difference between the cost of an alternative fuel car and a comparable gasoline-fueled model. Given the cost of the Roadster’s comparison vehicle, in this case a Lotus, purchasing the Tesla nets the new owner $42,083 in tax savings.

Or, if Coloradoans would prefer a luxury sedan, they can purchase the Lexus LS 600h instead and pocket a $20,000 tax incentive.

Posted: October 25, 2009
8:02 pm Eastern