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Tax Incentives On Hybrid Vehicles
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The European public will see Volvo's latest concept car, the 3CC, for the first time at the Geneva show, as Volvo rewrites the rules on how we will use our cars in the future. Volvo 3CC demonstrates Volvo's vision of sustainable mobility for the future, as well as Volvo safety innovations for smaller cars. "With the Volvo 3CC, Volvo Cars is pioneering a new way of looking at mobility so that future generations can enjoy the same freedom the car has given my generation. We believe it is necessary to show new wa ...
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:
Why Hybrid Car Drivers Need Thick Skin
For anyone interested in saving money at the gas pump and helping the environment, the new hybrid cars are an excellent choice. Small and fuel-efficient, hybrids are now being made by more manufacturers than ever. Although hybrids cost more, and can be hard to find due to high demand, it still pays to choose a hybrid. Consider the following reasons to buy a hybrid next time you are in the market for a new car. Smaller, More Efficient Engines The hybrid's fuel efficiency is ...
Author: Ron King
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Featured Resources:
Corporate Counsel Center - Automotive
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2005 Hybrids
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Hybrid Trucks
We have all heard all the talk about the fuel economy and innovations of Hybrid Cars and how they are sweeping the nation. Last year in 2004 in fact over 88,000 Hybrids were sold and waiting lists are still climbing. Honda, Toyota and Ford cannot build them fast enough. Things are changing indeed. Although still a drop in the bucket considering the average 17 million cars sold each year in the United States we can see a hyperbolic trend forming as oil prices stay high. Also with China and I ...
Author: Lance Winslow
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