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Why now might be the best time to buy a hybrid car

Posted February 12th, 2007 by art neill

Just a year or two ago, consumers were paying premiums of thousands of dollars and ignoring desired options to simply purchase a hybrid car. Today, manufacturers of fuel-efficient hybrid cars are giving big incentives, including low-interest financing options and price discounts, to sell the hybrids. Coupled with federal tax incentives, if you've been interested in better insulating yourself from fluctuating gas prices by buying a hybrid, the time might be right.

To illustrate, after six years of tremendous sales growth for the Toyota Prius, sales of that hybrid actually dropped by about 1,000 cars to 106,971 (280,000 worldwide).

Consumers should be aware that tax credits could be affected by changing EPA mileage ratings.

"The Environmental Protection Agency's mileage ratings for all cars have been recalculated to reflect a variety of driving conditions. Ratings on many vehicles are set to fall by about 10 to 25 percent, while those for hybrid-electric vehicles will drop the most, by about 30 percent."

Whether these kinds of incentives will continue will most certainly depend on inherently undependable gas prices.

Filed Under
Gas & Autos Gas Prices - Automobiles -
Money & Privacy Money Saving Tips -
Tags: hybrid cars - prius - federal tax incentives -
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but do hybrid car have

On February 2nd, 2009 khooper says:

but do hybrid car have great auto parts?

high demand

On January 6th, 2009 khooper says:

Hybrid cars are in high demand and is fuel economy, and because of this, they hold their value much better than most gasoline automobiles.

Importation of gasoline from other states?

On March 11th, 2007 R. W. Moore (not verified) says:

1. Can the independet gas station owners import gasoline from out of state refiners? If not, why not?
2. What percentage of Californias autos use Midrange 89 octane gas? If it less than 10 percent, lets drop it.

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