Buy Hybrid and Get a Tax Break
Suggested reading: Green Living Series
The Hybrid Car Tax Deduction Incentive:
At time of this posting, people who would buy hybrid cars will benefit from the Federal State tax deductions. (of course, subject to change with time) Buying hybrid cars is encouraged because of the long term benefits of minimized fuel usage. Electric cars may provide another benefit in the form of tax breaks. Read more about tax breaks for hybrid car buyers which may also available. Some cities, such as Salt Lake City, Utah, offer green incentives that include free parking areas for low emissions vehicles.
These efforts seem to be not lost to Americans. According to an online survey conducted by a research center, ninety percent of the respondents surveyed indicated a willingness to buy hybrid cars the next time they need one. Provided, however, that these cars are comparable in look with they currently own.
In this marketing study, about 46 percent of male respondents and 36 percent of female respondents strongly believed that these hybrid vehicles will perform comparably to all-gasoline vehicles. For these respondents, this is the most important factor.
The concern for model, style, and features in these hybrid version is important for female respondents (49 percent), and 35 percent important for male respondents.
Only a handful of respondents, about 10 percent of those surveyed said they would buy hybrid cars with different style, while only 16 percent are willing to compromise on performance features, like horsepower and acceleration.
For price, however, the respondents are willing to compromise. When they’re asked what they would be most willing to sacrifice for more efficient fuel usage for the environment, a common characteristics of hybrids, 45 percent of the respondents indicated the willingness to pay $1,000 to $2,000 or higher for their new hybrid vehicles.
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