Tuesday, March 21, 2006

Do hybrids need more tax incentives?

Earlier today I referenced a Business Week article, which noted that hybrid cars are going to need more marketing and more tax incentives to keep pushing sales. While there are tax credits for hybrid vehicles, those credits are capped and will quickly run out.

Hopefully, a new budget will include more tax incentives for hybrid cars. Recently, there has been a push in Congress to make hybrids eligible for the Small Business Tax Deduction. Currently, only the biggest gas guzzlers qualify for this $25,000 tax deduction, but soon hybrids could as well, if Congress acts.

So do hybrids need more tax incentives? If you think so, join our Hybrid Car Revolution Campaign.

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