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Hybrid Car Tax Break and Benefits
Many states have been offering both cash and privilege
incentives for consumers who purchase ecologically friendly vehicles.
Below is a list of some of the incentives. If we've missed any,
please let
us know!
- California - hybrid car owners are allowed the use of carpool
lanes and are exempt from parking fees in certain parts of the
sate.
- Colorado - hybrid car owners are offered a tax credit.
- Connecticut - those interested in purchasing a hybrid car with
a fuel economy rating of better than 40mpg are exempt from sales
tax on the purchase.
- Florida - hybrid car owners may drive in carpool lanes regardless
of the number of passengers.
- Georgia - hybrid car owners may drive in carpool lanes regardless
of the number of passengers.
- Maine - hybrid car owners may be eligible for a tax rebate of
as high as $500.
- Maryland - hybrid car owners are eligible for a tax rebate of
$1000.
- New Mexico - hybrid car owners do not have to pay the motor
vehicle excise tax.
- New York - hybrid car owners may be eligible for up to $5000
in tax rebates.
- Oregon - hybrid car owners are eligible for a $1500 tax rebate.
- Pennsylvania - as of 2005, hybrid car owners are eligible for
a $500 rebate. More here.
- Utah - hybrid car owners are eligible for up to a $3000 income
tax credit.
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| Acura RD-X, RL |
| BMW X5 |
| Chevrolet
Malibu, Tahoe, Equinox |
| Dodge Durango,
Intrepid ESX |
| Ford Escape HEV |
| GMC Sierra Partial
Hybrid |
| Honda Insight,
Civic, Accord |
| Lexus RX 400H,
LS |
| Mazda RX-8 |
| Saturn EV1,
VUE |
| Subaru B9 SC |
| Toyota
Prius, Camry, Highlander |
Though current hybrid car tax incentives/rebates are being
phased out, consumers can look forward to rebates of up to $5000
in 2005.
Current hybrid cars can get up to 60 miles to the gallon on
the highway. In addition to fuel economy, they boast lower emissions
and depreciation than gasoline powered cars.
In the near future, hybrid cars are expected to get fuel mileage
as high as 190 miles per gallon!
Environmentalists embrace hybrid cars as a solution to today's
pollution problems.
Heavy HEV development began in the early 1990's with major
manufacturers donating billions of dollars to the research of
new hybrid technologies.
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