Toyota tax credit cut in half

Message Topic Search Topic Options Post Reply Create New Topic Printable Version Translate Topic

   Good article in today's Wall Street Journal (Personal Journal) about the federal hybrid tax credit.  Since Toyota has sold 60,000 hybrids, the tax credit is going to be cut in half starting Oct 1. (There is a 60,000 limit on the credit for each carmaker). For the Prius, the credit will be reduced from $3100 to $1550.  Then after another 6 months it will be cut in half again.  This is just for Toyota, since the other automakers haven't sold as many hybrids.

	And Toyota management does not think the end of the credit will hurt sales.  VERY interesting.  Just what I have been saying.

Author	Message Topic Search Topic Options Post Reply Create New Topic Printable Version Translate Topic
Bob Members Profile Find Members Posts New Slug Joined: 14 Dec 2001 Status: Offline Points: 0	Post Options Post Reply Quote Bob Report Post Thanks(0) Quote Reply Topic: Toyota tax credit cut in half Posted: 26 Sep 2006 at 12:52pm
	Good article in today's Wall Street Journal (Personal Journal) about the federal hybrid tax credit. Since Toyota has sold 60,000 hybrids, the tax credit is going to be cut in half starting Oct 1. (There is a 60,000 limit on the credit for each carmaker). For the Prius, the credit will be reduced from $3100 to $1550. Then after another 6 months it will be cut in half again. This is just for Toyota, since the other automakers haven't sold as many hybrids. And Toyota management does not think the end of the credit will hurt sales. VERY interesting. Just what I have been saying.

MDC Members Profile Find Members Posts New Slug Joined: 04 Dec 2002 Status: Offline Points: 0	Post Options Post Reply Quote MDC Report Post Thanks(0) Quote Reply Posted: 27 Sep 2006 at 10:14am
	This will complicate NoSUV's life. The tax credit is one of the primary factors in his equation.

NoSUV Members Profile Find Members Posts New Slug Joined: 14 Jan 2005 Status: Offline Points: 0	Post Options Post Reply Quote NoSUV Report Post Thanks(0) Quote Reply Posted: 27 Sep 2006 at 9:22pm
	Only part of the equation. Anyone read about global warming or do you just look at articles that discuss money? But a hybrid or get on the bus!

MDC Members Profile Find Members Posts New Slug Joined: 04 Dec 2002 Status: Offline Points: 0	Post Options Post Reply Quote MDC Report Post Thanks(0) Quote Reply Posted: 29 Sep 2006 at 1:43pm
	Yeah right, Al.

ronin718 Members Profile Find Members Posts New Slug Joined: 30 Dec 2003 Location: VA Status: Offline Points: 0	Post Options Post Reply Quote ronin718 Report Post Thanks(0) Quote Reply Posted: 13 Feb 2007 at 1:38pm
	Don't rechargeable batteries get warm as they get powered up? Maybe global warming is being caused by the heat generated by all the hybrids running and getting re-charged? [8D]

darkprime Members Profile Find Members Posts New Slug Joined: 05 Jul 2006 Location: VA Status: Offline Points: 0	Post Options Post Reply Quote darkprime Report Post Thanks(0) Quote Reply Posted: 13 Feb 2007 at 3:06pm
	Not only that, but they release a great deal of smug into the air.