Hybrid Cars: There's Still Time For U.S. Tax-Credit

under the hood of a hybrid car
Those of you who were afraid that the new US tax-credit for hybrid cars would end before they could get their hands on one, take a deep breath and relax. The credit of up to $3,400 for taxpayers who buy an eligible car will phase out for a particular manufacturer once it sells more than 60,000 hybrids (all the different models from a same car maker are tallied together), but so far even Toyota isn't close to 60,000, so you still have a few more months to make your move. According to Mike Chung from Edmunds, this could happen "as early as August and possibly September" for Toyota, but Honda has only sold 43,356 hybrids in 2005 so it's not sure that they will go over 60,000 in 2006. Ford, with 3,475 Escape hybrids in the first quarter this year, is not even close... ::Still Time To Buy Hybrid Car, Receive Tax Credit. See also: ::Toyota Camry Hybrid: Pricing & Revised Fuel Economy