$4000 Tax Credit for that New Hybrid?
Love that new Honda Accord hybrid or Ford Escape hybrid, but afraid of the extra cost?
Auto analysts note that hybrids typically cost about an extra $3000 - $4000 above the cost of their conventional cousins. Of course, the new generation of hybrids, such as the Accord hybrid, Lexus RX400h hybrid, and Toyota Highlander hybrid do provide better performance and significantly better fuel-efficiency for that cost.
Also, buyers can claim a tax credit of up to $2000 to help offset that difference. Unfortunately, that credit will be reduced to $500.00 next year, unless H.R. 626 is approved by Congress.
H.R. 626 would provide between $600 and $4,000 per vehicle in tax incentives for consumers who purchase advanced technology vehicles, depending on the vehicle.
Join the Hybrid Car Club to stay informed of this issue.
Auto analysts note that hybrids typically cost about an extra $3000 - $4000 above the cost of their conventional cousins. Of course, the new generation of hybrids, such as the Accord hybrid, Lexus RX400h hybrid, and Toyota Highlander hybrid do provide better performance and significantly better fuel-efficiency for that cost.
Also, buyers can claim a tax credit of up to $2000 to help offset that difference. Unfortunately, that credit will be reduced to $500.00 next year, unless H.R. 626 is approved by Congress.
H.R. 626 would provide between $600 and $4,000 per vehicle in tax incentives for consumers who purchase advanced technology vehicles, depending on the vehicle.
Join the Hybrid Car Club to stay informed of this issue.
Labels: Accord hybrid, Congress, Escape hybrid, Ford, Ford Escape hybrid, fuel efficiency, Highlander hybrid, Honda, Hybrid Vehicles, Lexus hybrid, toyota
posted by Dahcredyns at
10:55 AM
1 Comments:
More people should learn about electric vehicles as a solution. "Zero emissions" is something that's going to be required by law one day (you know it will). Making the decision to go electric is far cheaper anyway, like 10 cents on the dollar vs. gas. (source: zapworld.com)
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