America's Rapidly Vanishing Hybrid Car Tax Credit

This year, you're out of luck when it comes to tax credits if you plan to buy a 2008 Toyota Camry Hybrid, a 2008 Toyota Highlander Hybrid or a 2008 Toyota Prius.

Published: 17-Jan-2008

Green could turn into the new gold when it comes to promoting Earth-friendly cars and trucks. You can spot that marketing magic the minute you walk through the doors this weekend of the 2008 North American International Auto Show.

But if you get a little tempted -- and maybe remember hearing something about generous tax breaks for hybrid cars and trucks -- pay close attention to what you're buying. Buyers of the most popular Toyota hybrids no longer get a tax credit. And the Honda hybrids won't come with the hefty tax deals that they used to have, either.

This tax credit has always been tough to understand. Currently, the credit applies overall to qualified purchases of hybrid and lean technology vehicles sold from 2006 through 2010.

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