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.
WASHINGTON - 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.
Spc. Jeffrey Hamme and Staff Sgt. Michelangelo Merksamer of HHC, 1/506th Infantry, point out features of the Hybrid Electric Humvee at the AUSA Annual Meeting earlier this month. The two Soldiers participated in a Military Utility Assessment of the prototype vehicle last month at Fort Campbell, Ky.
Ford's 'Hybrid Patrol,' a 10-city initiative this fall that aims to show hybrid drivers how to drive for best fuel economy. EV World photo of Bill and Lisa Hammond on way to first Ford Patrol event in Detroit during stop-over in Omaha.