The Toyota Prius is the vehicle that started the entire hybrid vehicle craze. It continues to dominate the market and the IRS has announced the tax credits for this year.
IRS Announces Tax Credits For Toyota Prius
In an effort to promote energy efficiency, the federal government has instituted an energy program that provides financial rewards for energy efficient products. The government realizes prodding us with words is not going to work. As such, it has decided to issue tax credits to motivate us to conform our activities to the desired goal. In this case, reducing our oil dependency is the key.
The Toyota Prius was the first mass production hybrid vehicle. It was such a hit that Toyota could not come close to filling orders the first few years. This is still the case to some extent, a reflection of our rising environmental consciousness and high gas prices. The tax credit you get with a purchase provides another reason to buy this peppy little vehicle.
The IRS issues tax credit amounts for hybrid cars that meet its standards. Various manufactures have been approved including Ford, Lexus, Honda, Mercury and, of course, Toyota. In this case, the...
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