Toyota Hybrid Tax Credit Expires - ModernCamaro.com - 5th Generation Camaro Enthusiasts
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post #1 of 14 Old 11-08-2007, 03:36 PM Thread Starter
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Toyota Hybrid Tax Credit Expires

Toyota Hybrid Buyers No Longer Able to Qualify for Tax Credit Designed to Encourage Sales

Buyers of Toyota Motor Corp. hybrid gasoline-electric cars who are looking for a break on their income taxes are now out of luck.

The Internal Revenue Service said Thursday that only Toyota and Lexus hybrids purchased before Oct. 1 are eligible for a tax credit intended to encourage sales of the fuel-efficient cars, because the company has hit a legal cap on the credit.

...

Tax credits of up to $3,000 are still available for hybrids made by Ford Motor Co., General Motors Corp., Honda Motor Co. and Nissan Motor Co.

http://biz.yahoo.com/ap/071108/hybri...yota.html?.v=1

Awwwww, too bad for poor Toyota.


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post #2 of 14 Old 11-08-2007, 03:39 PM
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post #3 of 14 Old 11-08-2007, 03:48 PM
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Our government never should encourge people to buy foreign cars. ever.

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post #4 of 14 Old 11-08-2007, 03:51 PM
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post #5 of 14 Old 11-08-2007, 04:10 PM
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Quote:
Originally Posted by dshane View Post
Our government never should encourge people to buy foreign cars. ever.
But should instead promote lung cancer and melting ice? BS.

If American government, however, wants to encourage people to be more environment-friendly by specifically buying American vehicles that are genuinely environmentally-friendly, I'm all up for it.

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post #6 of 14 Old 11-08-2007, 04:39 PM
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There are more environmentally friendly domestic cars than imports right now.

And I don't believe cars are responsible for the global warming. The earth goes through weather cycles. In the middle ages it was hotter than it was now..we are just coming out of a cold spell.



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Quote:
Originally Posted by Jeremy Clarkson
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post #7 of 14 Old 11-08-2007, 06:14 PM
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Quote:
Originally Posted by dshane View Post
Our government never should encourge people to buy foreign cars. ever.
amen!

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post #8 of 14 Old 11-08-2007, 06:22 PM
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Quote:
Originally Posted by dshane View Post
Our government never should encourge people to buy foreign cars. ever.

That is so true. Now the tax credit is gone. We'll have to see how people shop knowing that the tax credit is available for the other makers.
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post #9 of 14 Old 11-08-2007, 07:08 PM
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Quote:
Originally Posted by Luwinkle View Post
There are more environmentally friendly domestic cars than imports right now.
That's cool, let's promote those, now. I don't know of any, meaning those domestics have failed at convincing me that they even exist. I'm fully aware, however, of the Prius, Camry Hybrid, Civic Hybrid, and Accord Hybrid. Needz moar marketingz!


Quote:
Originally Posted by Luwinkle View Post
And I don't believe cars are responsible for the global warming. The earth goes through weather cycles. In the middle ages it was hotter than it was now..we are just coming out of a cold spell.
The cars aren't responsible, but they're certainly not helping. If you don't like global warming, maybe our ridiculous dependence on foreign oil is a motivator to be less gas-guzzling as a nation? (And I'm really eager to hear how you know for sure the Earth was hotter in the middle ages, but let's not pollute the thread any longer.)


Anyway, I'm not participating in a political thread unless it's designated as one. And even then I probably wouldn't, as I'm willing to guess I'll disagree with an overwhelming majority of others around here, and there's no point in forum politics anyway.


On topic this time, I'm annoyed the tax credit expired. From the little I know about it, it would only be truly effective if it were larger and if (or when) more car manufacturers came out with genuinely desirable hybrids. Of the current offerings I wouldn't pay for any.

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post #10 of 14 Old 11-08-2007, 07:54 PM
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The US isn't the only country with oil-burning products. China's demand is sky-rocketting every day.


Domestic Hybrids: Malibu Hybrid..Ford Escape Hybrid..Saturn Aura Hybrid..Saturn Vue Hybrid..Chevy Tahoe Hybrid(early 08)..do I need to continue?

Not to mention..before the new Silverados came in there was a Silverado Hybrid.



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Quote:
Originally Posted by Jeremy Clarkson
A turbo, exhaust gasses go into the turbocharger and spin it, with a supercharger, air goes in, witchcraft happens and you go faster.
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