Absolute Michigan's Michigan Blog
Thursday, August 10, 2006

Cutting Hybrid Tax Credit for Toyota and Lexus by GLRC Environment Report

The GLRC's Dustin Dwyer reports:
If you buy a Toyota Prius in the next two months, you can get the highest hybrid tax credit on the market, but if you buy after October 1st, you'll only get half the current credit, and the credit for all hybrids made by Toyota and Lexus will be phased out completely within a year.

That's because Toyota reached a total hybrid sales mark of 60 thousand vehicles in June, and, according to rules that took effect in January, carmakers that have sold more than 60 thousand hybrids can no longer offer tax credits to their customers.

# posted by Tami @ 10:06 AM
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