Hybrid Car Buyers Get Big Tax Break in 2006... If They Act Fast

A few months after a car maker has sold 60,000 hybrid vehicles, the tax credit begins phasing out.

Published: 01-Jan-2006

Hybrid cars are a good bet for tax breaks in 2006.

The new year will bring more savings for buyers of at least 13 gas-electric vehicles, with those showing the biggest improvements in fuel efficiency getting the bigger tax breaks.

The breaks will come in the form of tax credits, and they range from $3,150 for buyers of the Toyota Prius to $250 for Chevrolet's Silverado pickup truck, according to an analysis by the American Council for an Energy Efficient Economy.

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