Bush signs Energy Bill with tax credits for hybrid cars

Bush Signs Energy Bill.

The new tax credits for hybrid cars are now law. Still, there isn't too much to get excited about. For more on that read, Hybrid tax credits and carpool lane privileges: It's all hype.

While the clean vehicle tax credits were better than nothing, the capped credits will quickly run out for the buyers of Toyota hybrids. So, if you are interested in the Prius hybrid, or the Highlander hybrid, the best time to buy will be next January. Still, the current tax credit of $2000.00 isn't bad.

The Ford Escape hybrid seems most likely to benefit from the tax credit, and the tax credit will be available for the Escape hybrid for some time.