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Sales increased because of tax breaks. April 10, 2005 9:29 PM

Have sales increased because of tax breaks by the Irs. And if so by how much. I need to know this because i'm doing a speech in my class trying to persvade people to by hybrid cars and it would really help if some one can say to my that tax breaks really have increased sales in the U.S. and the sourse you got it from.  [ send green star]  [ accepted]
 
good question April 12, 2005 6:48 AM

I don't know if the sales have gone up "because" of the tax incentives...however they certainly have helped people be able to afford them! Hybrids are a few thousand dollars more expensive than the non-hybrid versions of the same type of car. For many people (including myself), those tax breaks help in being able to afford those Hybrids. I think overall, the rapid rise in gas prices is the main push for people deciding to go for hybrids. But tax breaks definitely need to stay for a while longer, until the price of hybrids become closer to the price of regular cars, so that people who really want to buy a hybrid are better able to have that opportunity.  [ send green star]  [ accepted]
 
 April 12, 2005 8:53 AM

For me, the tax break was an pleasently unexpected benifit. I would have bought the car anyway. peace, Stacey  [ send green star]  [ accepted]
 
Obvious Benefits April 13, 2005 11:07 PM

There are so many benefits to buying a hybrid! Less gas usage (which translates into lower fuel costs), less emissions output, and quiet (have you ever noticed how quiet a hybrid really is??? amazing!). All of them great benefits to buying a hybrid car. The tax break I saw on the 1040 for the first time this year, and that was quite a shock. Now if I only owned a car...  [ send green star]  [ accepted]
 
The rules for US Govt Tax Break May 05, 2005 10:17 PM

If you buy a hybrid new, you may be eligible for a one-time federal income tax deduction of up to $2,000! Vehicles in the table to the right may be eligible for a "clean fuel" deduction of $2,000 for those placed in service by the end of 2005 or $500 for those put in use during 2006. Vehicles purchased after 2006 will not be eligible for a deduction under current legislation. If you purchased the vehicle before 2005, you can claim the deduction by filing an amended tax return for the tax year in which the vehicle was purchased. Vehicle Make & Model Model Years Ford Escape Hybrid 2005 Honda Accord Hybrid 2005 Honda Civic Hybrid 2003-2005 Honda Insight 2000-2005 Toyota Prius 2001-2005 * Vehicles approved by IRS as of February 10, 2005. Other hybrids may be approved at a later date. For your vehicle to qualify, the following requirements must also be met: You must purchase the vehicle new and for your own use, not for resale. You must drive it mostly in the United States. The vehicle must meet all federal and state emissions requirements. Government agencies, tax exempt organizations, and foreign entities are not eligible. Other requirements may also apply. If any of these conditions change within 3 years of purchase, you may have to return some of the money saved by the deduction. This information I found at http://www.fueleconomy.gov/feg/tax_hybrid.shtml Thought it may be helpful to some! Got me wanting a new hybrid now..wish i could afford one! That honda civic appears to be the best mileage wise.  [ send green star]  [ accepted]
 
 May 09, 2005 2:19 PM

Anyone know how this applies to vehicles purchased outside the US (i.e. Canada) but driven primarily in the US?  [ send green star]  [ accepted]
 
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