Hybrid Car Buyers to Receive Tax Credits
Hybrid cars are a good bet for tax breaks in 2006. The new year will bring more savings for buyers of at least 13 gas-electric vehicles, with those showing the most improvement in fuel efficiency securing bigger tax breaks for their new owners.
The breaks will come in the form of tax credits, and they range from $3,150 for buyers of the Toyota Prius to $250 for Chevrolet’s Silverado pickup truck, according to an analysis by the American Council for an Energy-Efficient Economy.
The tax credits give buyers of American hybrids incentives similar to those now enjoyed mostly by Honda and Toyota owners.
Source: ABC News.
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