Thursday, 5 June 2008

Taxes for Hybrid Vehicles

There has been government incentives that were targeted to encourage the use of hybrid cars as they are much environmentally friendly compared to conventional gasoline engines. In the United States, the federal government provides hybrid tax credit (tax returns) to purchasers until the quota (a specific figure) has been exhausted by the manufacturer. And non-monetary benefits are also provided such as certain states allow hybrid engine automobiles to be exempted from restrictions on high-occupancy vehicle (HOV) lanes and also some designated or free parking areas for hybrid cars. Remember this if you want to buy Toyota Prius for example.