When hybrids first hit the streets, the government did their best to encourage sales by offering customers tax credits on their hybrid purchase. However, unknown to many, was that these tax credits were to be phased out once a hybrid manufacturer's sales reached the 60,000 mark. 60K in sales was the indicator that there was enough interest by consumers to buy without the aid of further government incentives. Well that day has come and gone for certain models, and is rapidly approaching for others...
So, the bottom line is, if you want a hybrid and a tax credit, (A) your choices are far less then they were a year ago, and (B) you had better act fast, as these tax credits won't be around for much longer.
Hybrid Tax Credits Rapidly Disappearing
Hybrid Tax Credits Rapidly Disappearing
estreka says:
12:34 PM, 12/ 8/07
It's such a shame hybrids aren't being subsidized. I do find it interesting that Honda continues to get tax credits for the FCX, but not the Civic hybrid.
bbechtel16 says:
08:46 AM, 12/10/07
I wholeheartedly disagree.
ateixeira says:
02:53 PM, 12/12/07
It's not fair to subsidize a luxury car (RX400H) and not the more fuel efficient Chevy Aveo.
Subsidize hyper-mileage cars, not an attempt at better mileage.