Buy Hybrid Car, Save $3,150 in Taxes

Attractive perks are emerging for buyers of hybrid cars.

1 minute read

November 16, 2005, 10:00 AM PST

By Abhijeet Chavan @http://twitter.com/legalaidtech

Federal tax credits, state tax credits, parking free at meters, riding HOV lanes, and employer incentives, are some of the reasons why Americans are snatching up the hybrid vehicles. Hybrid culture has emerged as a viable technology beyond early adapters and environmentalists.

"Across America, states, cities, and corporations are leaping on the hybrid-incentives bandwagon. On top of state tax credits, some hybrid drivers now enjoy exemptions from emissions-testing and excise tax. Others even get unlimited use of HOV commuter lanes.

And the mother of all hybrid perks will soon be unveiled: Beginning in January, the federal government will offer a tax credit of as much as $3,150 per car, based on its emissions profile."

Thanks to Linda LaSut

FULL STORY: Want to save $3,150 in taxes? Buy a hybrid car.

Tuesday, November 15, 2005 in The Christian Science Monitor

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