Filed under: News | Cars & Vehicles
Aug 9 2007, 2:07pm CDT | by Shane McGlaun
The IRS has a history of giving tax breaks to buyers of hybrid vehicles that help reduce pollution. For example the Toyota Prius qualified for up to $3150 in tax credit.
Honda just had their yet unreleased FCX fuel cell vehicle qualify for a huge $12,000 tax credit from the IRS. Unfortunately other than the tax cut, little else is known about the FCX vehicle.
Little details like how much it will cost and when you can get the car are still unavailable. Honda says this tax credit is another step toward market viability. I suspect that means the car is going to cost so much, the tax break will be needed to help offset the price of the car. Via DailyTech
Source: DCist
“When you go out and buy a Ford Focus, your gas mileage is better than it was with your old Range Rover, so you buy less gas,” Mendelson said. “This removes the volatility from our gas tax.”A shift in the gasoline tax would also bring D.C. in line wi ...
Full article at: DCist
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Shane McGlaun
Leading our review center, Shane McGlaun (Google) knows technology inside out. His
extensive experience in testing computer hardware and consumer
electronics enable him to effectively qualify new products and trends. If you want us review your product, please contact Shane.
Shane can be contacted directly at shane@i4u.com.
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