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  • Various Toyota 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 Toyota 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 deductions, beca ...
    Author: Richard Chapo
    CLICK HERE TO READ THE REST OF THIS ARTICLE

     

    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!


     


  • Electric Car


    Article of the Day:

     

  • Hybrid Hype and a Small Price Hike

    Is it possible to have 250-mpg mileage with hybrid cars? Yes, Bellevue auto visionaries’ thinks so. The people owning Toyota Prius and Honda hybrid cars are eyeing for an mpg of 40 to 50 then how a automaker claims to have technology that can give this high mileage. What technology they are using? Let us try to look at answers of these questions.

    20 member team at AFS Trinity Power Corp claims to make this possible with their plug in hybrid car. On technology front, they are going to ...
    Author: Ansh Shukla
    CLICK HERE TO READ THE REST OF THIS ARTICLE

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    Featured news and tips about Ford Hybrid Vehicle Development:

    Ford Rushes New Hybrid SUV: Vehicle Comes A Year Early as Demand Rises
    Washington Post Jul 12 2005 9:47AM GMT


    Ford Lio Ho introduces Hybrid Escape to Taiwan's auto market
    Taiwan's carmaker Ford Lio Ho Motor Co., a local subsidiary of Ford Motor of the U.S., recently announced introduction of the hybrid version of Escape sport utility vehicle (SUV) model into the island for domestic sales....


    Sierra club applauds Ford's second hybrid
    The Sierra Club, a longtime foe of Ford Motor Co., applauded the automaker yesterday for releasing its second hybrid vehicle and said it will market the sport utility vehicle to its members.


    Ford Starts Selling Second Hybrid Vehicle (AP)
    AP - The Sierra Club, a longtime foe of Ford Motor Co., applauded the automaker Monday for releasing its second hybrid vehicle and said it will market the sport utility vehicle to its members.


    Ford Begins Selling Second Hybrid Vehicle (AP)
    AP - Ford Motor Co. began selling its second hybrid vehicle on Monday, a more fuel efficient version of its Mercury Mariner sport utility vehicle.


     

     

     

     





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  • 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
    CLICK HERE TO READ THE REST OF THIS ARTICLE

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