
Tesla Roadster Electric sports car*
If a new hybrid car is in your future you will no doubt be interested in checking out what Government Incentives are available for new Hybrid cars purchases. There are many 2009 hybrid cars that qualify for a government tax credit as well as a list for 2010.
IRS tax credits can go as high as $3,400 for a 2010 Ford Fusion or a 2010 Mercury Milan hybrid. Credits go down to $1,550 for vehicles like the 2009 Saturn Vue, 2009 Saturn Aura and 2009 Chevrolet Malibu. It’s also important to check the phase out period. These credits start phasing out after the manufacturer has sold over 60,000 eligible cars dropping to 50%, 25% and finally no credit.
You can find vehicles that qualify for IRS tax credits from a number of manufacturers including Chrysler, Ford, GM, Honda, Mazda, Nissan, and Toyota.
While not related directly to hybrid cars, the Senate passed a new bill today (H.R. 2346) to give incentives to get rid of your old car in favor of a more fuel efficient car even if the new car is not a hybrid. The “cash for clunkers” program will reward car buyers for choosing a new car that gets at least 4 miles per gallon better than their old car. For trucks, sport utility vehicles, and minivans a 2 mpg increase will get an incentive of $3500, if you get something that gets 5 or more mpg higher the incentive increases to $4,500. This program is outlined as part of the Consumer Assistance to Recycle and Save Act
Now, if your standard hybrid car is a little too tame for you, perhaps you would like to go with a pure electric sports car like the Tesla Model S from Tesla Motors. (more…)