The Alliance of Automobile Manufacturers today announced that its member companies have more than 60 cutting-edge, advanced technology autos either on sale now or in development.

Automakers are investing billions of dollars to develop and introduce new fuel-efficient automobiles with cutting-edge technologies. The auto industry spends more than any other industry on research and development.

Because cutting-edge technologies often cost more than their conventional counterparts, automakers believe that consumer tax credits for hybrids, clean diesels, alternative fuel vehicles, hydrogen ICEs. Electric vehicles and fuel cells can help accelerate the movement of these products into the market. Recently passed energy legislation will provide between $600 and $4,000 per vehicle in tax incentives for consumers who purchase advanced technology vehicles, depending on the vehicle.

For more information, see http://www.autoalliance.org/innovation.