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Tax Credit For Hybrid Vehicles
More Hybrid SUVs in 2005
It is common knowledge among car enthusiasts and car owners that the bigger the vehicle, the bigger the amount of fuel it consumes. With this in mind, several automobile producers have begun diverting a big chunk of their efforts to producing more hybrid 4x4s in the year 2005. Taking on the Fleet First. The big three - Ford, Dodge and General Motors have seemed to agree that 2005 is the perfect opportunity to introduce the hybrid versions of some very popular vehicles. Ford Introduces the Ford Escape Hybrid, the first ...
Author: Jenny McLane
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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:
Honda Civic 2004: The Weekly Driver Review
As Honda's entry level, subcompact vehicle, what's not to like about the Civic? As an ideal example of getting what you pay for, the 2004 Civic includes almost 40 style options - 2-door to 4-door to hatchback, gas to hybrid and 5-speed manual to automatic. For my weekly drive, I tested the 4-door EX sedan with a 127- horsepower, 1.7-liter, 16-valve, 4-cylinder engine. The appealing magnesium gray metallic exterior was complemented nicely with a mixed dark and lighter gray interior. The color combination, combi ...
Author: James Raia
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... Credit. Some hybrid vehicles that you would expect to qualify for the new tax credit may turn out to be ineligible. Why? Because the tax law requires qualifying vehicles to meet ultra-strict federal ...
Hybrid Cars Blog. Everything about hybrid cars, trucks, SUVs and other hybri...
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CAARS.org
... Check with your state department of motor vehicles for rulings in your state. For car buyers taking advantage of both new incentives, the new hybrid tax credit will put more money in your pocket, and ...
Bush Signs Energy Bill with $14.5 Billion in Tax Incentives
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Tax Incentives for Hybrid Vehicles
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Toyota's Prius to be Built in China
The Toyota Prius, a car built on hybrid gas-electric technology, will soon receive a major production boost. Toyota and an undisclosed Chinese based manufacturing company have sealed a deal where the two companies will be working together to produce the Prius for worldwide export. This bodes well for the American consumer who has to endure long waits for an all new Prius. More importantly, the move signals a sea change in the way Japanese cars are built and marketed. Ultimately, you may be ...
Author: Matthew Keegan
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