The Energy Policy Act of 2005 replaced the clean-fuel burning deduction with a tax credit. A tax credit is subtracted directly from the total amount of federal tax owed, thus reducing or even eliminating the taxpayer’s tax obligation. The tax credit for hybrid vehicles applies to vehicles purchased or placed in service on or […]

 
Toyota - the biggest hybrid auto manufacturer reached the 60,000-hybrid-sales limit set by Congress  that allowed income tax breaks for buying hybrid cars as a way of encouraging fuel savings and cleaner air, now wants an extension on the tax credit by the federal government.

 Buyers still recieve a tax credit for purchasing a hybrid […]

Wal-Mart Stores Inc. is teaming up with ArvinMeritor, a major auto component supplier, to develop a diesel-electric hybrid truck that may be the first of its kind in North America.

The companies said in a news release this week they had agreed to develop a dual-mode, diesel-electric drivetrain for a class 8 truck, called the “workhorse […]

 Hello all - thanks for reading my blog!
Gas prices are down a little - SO What!!!
Should we forget about the price gouging last summer?

Surely we are not going to trust “Big Oil” to really care about the population are we?
We need to keep in mind that no matter how much the gas prices drop […]

In Toyota’s plan to become the worlds largest auto manufacturer, they plan on selling 250,000 to 300,000 hybrid cars in the US in 2007, which would be up from 192,000 in 2006.

Toyota told Japanese Newswire Nikkei that they are hoping to boost their 2007 volume up around 140,000 units to nearly 2.7 million -
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