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January 16, 2006
Hybrid Cars - Tax Deductions & Credits on Hybrid Car Purchases
Hybrid Cars - Tax Deductions & Credits on Hybrid Car Purchases:
Offering tax credits and incentives for manufacturing and selling hybrid vehicles is critical to forward progress on conservation. Either we are serious about promoting hybrid technologies and working toward change, or we are just paying it lip service.
The most recent energy bill signed into law by President Bush is a classic example of the split personality our country is suffering when it comes to our conservation efforts. By putting Toyota at a disadvantage (limiting tax credits to the first 60,000 vehicles, or approximately four months of sales for them) the bill has effectively penalized a major hybrid vehicle manufacturer. The intention may have been to allow American vehicle manufactures to get their foot in the door and boost their own hybrid vehicle production, but the effect may very well be the opposite. What is the incentive to manufacture more, when the benefit to the manufacturers has been capped?
It was also announced today that Toyota is being sued by an American company (Solomon Technologies, FL). This suit could effectively put a stop to the sale of Toyota's hybrids here in the United States.
We really seem to be making progress here.
Posted by capecodcyclist at January 16, 2006 08:35 PM