2006 Hybrid Vehicle Tax Incentive...But is there any real Benefit?
A Recent article at MarketWatch identifies a new tax credit strategy designed to encourage the purchase of new hybrid vehicles. While tax credits are great, going out at taking on new debt just to get the tax benefit is not. In addition, the total environmental life cycle cost of buying a new car should be examined closely. The energy and environmental cost of building a new hybrid will likely negate any energy savings that the car would generate. So...Unless you are taking an old clunker off the road, the hybrid purchase may not generate the desired environmental benefits.