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Ford Hybrid Escape
Various Ford and Mercury Hybrids Get Tax Credit Certification From IRS
Starting in 2006, individuals buying hybrid cars will get a tax credit instead of a tax deduction. The IRS has just started to kick out the exact amounts you can claim for your new hybrid. Various Ford and Mercury Hybrids Get Tax Credit Certification From IRS Under the Energy Policy Act of 2005, the tax benefits of owning a hybrid vehicle underwent significant changes. Whereas you could previously claim a tax deduction, the new law converted the deduction into a tax credit. Tax credits are FAR more valuable than deduct ...
Author: Richard Chapo
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The Hybrid Car
A hybrid car has a small engine
that is fuel efficient, which is combined with an electric motor
that aids the engine when additional power is needed during
acceleration. The electric motor gets its power from battery banks
which continuously charge while you are driving.
Energy is conserved when you stop because the engine is shut off
automatically. Then, when you apply gas, it automatically restarts.
The hybrid car also uses a more advanced aerodynamic lightweight
body, and combines it with low roll resistant tires that are stiffer
and narrower to help reduce drag.
In 2004, out of the 17 million vehicles sold there were around
80,000 hybrid vehicles sold. By 2005 that number had increased by
1.2% to 200,000, and it's estimated that by 2007 more than 400,000
hybrids will be sold.
There are several hybrids currently available in North America. They
include the Honda Civic, Honda Accord, Honda Insight, Toyota Prius,
and the Mercury Mariner. There are also Hybrid SUVs available - the
Ford Escape, the Lexus 400H and the Toyota Highlander, and many new
models are on the way.
The Toyota Prius holds 52% of the hybrid market with just under
108,000 vehicles. The Honda Civic is the next most popular with
25,000 vehicles.
Now that consumer support for the hybrids has arrived, auto
manufacturers are increasing the pace at which they introduce hybrid
models. Just starting to come out are the Honda CR V SUV, Saturn Vue,
Hyundai Accent, and Kia Rio are being introduced as hybrid models.
In 2007 we will see the Toyota Camry, Honda Fit, Mazda Tribute,
Chevrolet Malibu, and Nissan Altima; and 2008 will see the Ford
Fusion and Mercury Millan available as hybrids.
And as an added bonus in the United States, consumers that purchase
a hybrid will get a tax break. Those purchasing fuel-cell vehicles
will get up to $8000 in tax breaks, and those purchasing alternative
fuel vehicles that weigh less than 8,500 pounds get a $2500 tax
break. It's a nice pleasant surprise!
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Article of the
Day:
Six Easy Steps to Buying a Hybrid Car
Buying a hybrid car is a big decision, even more so nowadays because there are many more hybrid cars and hybrid trucks to chooes from. Having a larger choice is both a good and bad thing. Not only do you have to decide which company to buy from but you also have to decide between getting a hybrid car or a hybrid truck or even a hybrid SUV. The decision can be simplified by knowing why you’re buying the hybrid; the issue of saving gas mileage versus just getting a hybrid vehicle in order to ...
Author: Tracy Robinson
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ComEd Tests Hybrid Diesel-Electric Bucket Truck
Environment News Service: CHICAGO, Illinois, May 9, 2005 (ENS) - Commonwealth Edison Company (ComEd) is adding a first-of-its-kind hybrid diesel-electric bucket truck and new hybrid SUVs to its fleet, strengthening its fleet of environment friendly vehicles. Some ComEd vehicles are fueled with biodiesel. The company today demonstrated the new hybrid bucket truck and displayed some of the new Ford Escape Hybrids at the DuPage Club in Oakbrook Terrace. ComEd will place the hybrid bucket truck at the Chicago ...
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