hybrid tax credit ?

Discussion in 'General Motoring' started by TP, Nov 5, 2005.

  1. TP

    TP Guest

    Is it true on the hybrid tax credit? Someone told me this is
    the last year to get a 2000$ credit for putting a hybrid on the
    road in 2005.
    After Jan 1st 2006, the credit drops to 500$... Is there any
    truth to rumors the feds will change this to make some incentive
    to buy a hybrid?

    TP
     
    TP, Nov 5, 2005
    #1
  2. TP

    Doug Guest

    This may answer your questions:
    http://www.fueleconomy.gov/feg/tax_hybrid.shtml
     
    Doug, Nov 5, 2005
    #2
  3. TP

    Bonehenge Guest

    Ever seen irs.gov?
     
    Bonehenge, Nov 5, 2005
    #3
  4. TP

    Mike Hunter Guest

    The was a lot of concern in the Congress about giving one taxpayers money
    to another to another taxpayers buy a higher priced foreign car. Maybe not
    that hybrids are being built in the US by American companies that may
    change. :)

    mike hunt
     
    Mike Hunter, Nov 6, 2005
    #4
  5. TP

    Art Guest

    THere is a new limited tax deal for manufacturers that is pretty much
    incomprehensible like most of the tax code. I believe the credit exists for
    the first certain number of cars built so there will be a race to build them
    but no one will know when they have gone over the limit.
     
    Art, Nov 6, 2005
    #5
  6. TP

    .dbu, Guest

    Standby, our President Bush is going to revamp the tax code. You will
    want him to run again, but of course he can't. Bush will get this damn
    tax code right.


    --
     
    .dbu,, Nov 7, 2005
    #6
  7. TP

    comcast Guest

    I see the honda accord 2005 listed but not the honda accord 2006.
     
    comcast, Nov 19, 2005
    #7
  8. TP

    TP Guest


    Yes, I've seen the accord listed.
    I talked to a Toyota salesman, he was honest and said; The
    feds keep changing things if you can figure it out go for it.
    But don't buy the car relying on a credit. I guess he is right,
    some things (taxes) are can be confusing.
    But I'm not confused on the car, I like the Prius. Looks to
    have the technology other car makers want.
     
    TP, Nov 20, 2005
    #8
  9. TP

    woessner Guest

    I've been looking in to this a lot. It looks like this is the current
    estimate of the tax credits:

    http://www.aceee.org/transportation/hybtaxcred.htm

    The Civic CNG comes out on top with a credit of $3500. Unfortunately,
    with natural gas prices going the way they are, I think it would be
    really expensive to operate one of those things. The Prius is next up
    with a $3150 credit. The Accord only rates a credit of $650.

    --Bill
     
    woessner, Nov 21, 2005
    #9
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