Full tax
credit for Toyota hybrids is over
Sunday,
October 01, 2006
Happy
October. Unfortunately, October means
that the full hybrid
tax credit for Toyota hybrid
vehicles is now expired. Now, any Toyota
hybrid purchase will only qualify for
half the credit. So, how will this
affect Toyota hybrid sales?
If the goal of tax credits for hybrid
cars was meant to change consumer
behavior, why was the credit capped by
manufacturer? Shouldn't getting as many
hybrids on the road as quickly as
possible be the main goal? Shouldn't the
credit be consumer-driven, not
manufacturer-driver?
I've said it before and I'll say it
again, if GM was leading U.S. hybrid
sales with the Prius,
rather than Toyota, I doubt the
legislation would have been written the
same. Unfortunately, GM is still more
focused on new Hummers rather than new
hybrids.
Why are hybrid credits sitting idle when
consumers can use them NOW? Is this free
market capitalism?
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