This is because credit represents a dollar-for-dollar cut in the taxpayer's bill. It can be recalled that Toyota is one of the giant names that prioritizes fuel-saving." She further noted that Prius could qualify for at least a $2,400 credit. 

 
Hybrid tax credit allows consumers to slash tax bills by $1,700 to $3,000 depending on the hybrid model. The tax privilege is to expire at the end of 2009. Martha Voss, spokesperson of Toyota, says: "Hybrids only account for 1% (of new vehicle) sales, so there is still a need. These hybrids will also benefit from the legislation.
 
The mentioned legislation is also applicable to the new generation of fuel-saving diesel cars. However, for some hybrids, the privilege is expected to linger. Hybrids contribute to the aim of saving gas by combining electric motor with the internal combustion engine. Tax credit can also be availed of by consumers.The energy bill that has reached the President of the United States has finally turned into law by virtue of President Bush's signature.
 
In the present variable frequency motors supplier time, consumers get a $2,000 income-tax deduction for purchasing a hybrid." 
 
Said legislation is aimed at saving energy and reducing air pollution. Deductions are due to fall to $500 next year. This is manifested in the manufacturing of Toyota Prius auto parts, which are incorporated in its hybrid vehicle. However, the consumers covered by said provision are only those who are going to purchase hybrids from January 1 and onwards. Moreover, the greatest stir is the hybrid tax credit. For every automaker, tax breaks are only available to a total of 60,000 vehicles. Said law includes a provision that gives consumers incentives and tax privileges. Compared to deductions, tax credits are more valuable. Hybrids that are capable of saving the most fuel will be given greater tax privileges.
 
Ford Motor Co. 
 
In regard to said legislation, Toyota is aiming to sell 100,000 Prius hybrids this year. According to David Friedman of Union of Concerned Scientists "It's not a home run, but a good, solid double. is also making way for its three additional hybrids.



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