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by It turns out the use of biofuels may not be such a good alternative to gasoline after all. A recent article published in Science shows that biofuels may actually increase the the carbon-dioxide levels up to twice the current emissions of gasoline engines. Earlier studies neglected to account for changes in flora where large CO2 consumers such as forests and grasslands are replaced by ethanol crops. Even converting undeveloped land can release enough CO2 from the Earth that it will take between several decades to several centuries for the net effect to be neutralized.
Does this mean that all of these "green cars" that received a tax credit because for using biofuels should now owe tax money back to the government?
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No by Anonymous :: NR0 :: on 09 February 2008
Does this mean that all of these "green cars" that received a tax credit because for using biofuels should now owe tax money back to the government?
No, all those cars are hybrids. Hybrids use gasoline not biofuels. The only alternative fuel certified for the credit is the 2005-07 Honda Civic GX which uses natural gas.
I've never heard of a tax credit for the use of biofuels. In fact, you owe additional taxes because for not paying the gas tax when you use biofuels. Correct me if I'm wrong.