The history of the hybrid car reaches all the back to the 18th century. When France had a steam powered motor carriage that traveled at 6mph. Then in the 19th century an Englishman made a car with an electric motor and a blacksmith from Vermont made an electric motor powdered carriage.
In the 1800s a German by the name of Porsche manufactured a front wheel drive electric car and then later a hybrid that used internal combustion engine pared with an electric motor. This is probably the first hybrid car on record. Henry Ford created the first assembly line to manufacturer gas powered vehicles.
Surprisingly the US Congress began launching bills in the 1960s that stated that electric vehicles would help curb air pollution and this revamped the interest in the electric car. The tinkering back and forth over gas prices and issues with the early electric cars lead the industry through many ups and downs, but Benefits of the Hybrid Cars
Today we can not ignore the fact that emissions from our automobiles are in effect killing our planet. With even better hybrid cars available today it is a wonder as to why many people still struggle with the back and forth trying to out weigh the pros from the cons. Here are a few, just a few, of the advantages of having a hybrid car.
1. Plain and simple the Hybrid car economy saves you money. The hybrid car can save you 30 miles a gallon because of the combination of the cleaner electric motor working with the long range gasoline engine. The gasoline engine shuts off automatically whenever the car stops, which helps in cutting gasoline consumptions. Once you step on the accelerator the gas engine engages and powers the vehicle.
2. The environment "" hybrids emit lower toxic emissions as compared to your conventional car. This makes the car more environmentally friendly. Some people out there that still think that global warming is a scam and not something that we humans created. Our children will really see the damage that we have done, though most of us adults will not be around long enough. Help save the the planet so that there is an earth for them to enjoy. The Toyota Prius reduces tailpipe emissions by 50% compared to a conventional car.
3. In 2005 President Bush signed a bill of tax incentives for those with a hybrid car a huge tax break. The tax break varies depending on two factors, how fuel efficient the hybrid car is compared to a conventional 2002 car of the same weight class and how much gas the hybrid car can save in its lifetime compared to an equivalent conventional car.
Toyota Hybrids and Tax Credits ? Buy Before October 1st
The federal government often tries to modify our behavior through taxes. If the government wants us to do something, it uses tax credits and deductions to make it more attractive. For example, the government promotes homeownership by giving us all the right to deduct the interest we pay on our mortgages. Thank god!
In the case of the automotive industry, the government is trying to modify our behavior when it comes to fuel consumption. One step it has taken to promote this is the creation of a tax credit for those who purchase hybrid vehicles that get excellent gas mileage. This tax credit is a powerful incentive because it is far more valuable than a tax deduction. Whereas a tax deduction is a way to reduce your gross income before figuring the tax you owe, a tax credit is applied to the actual amount of tax you owe. For example, if you owe $10,000 and can claim a tax credit of $2,000, your final tax bill is $8,000.
In the case of the hybrid market, Toyota is far and away the leader. The Toyota and Lexus brands sell huge numbers and you can claim a tax credit for differing amounts depending upon the specific model you purchase. This tax credit, however, is going to be reduced by half on October 1, 2006.
Although the government is promoting hybrids through tax credits, it is not doing so on a permanent basis. The government has qualified the tax credit by manufacturer and the number of cars sold. When a manufacturer sells 60,000 hybrid vehicles, the tax credit for each model it sells is automatically cut in half. Further reductions occur as more vehicles are sold.
As the most popular hybrid manufacturer, Toyota has crossed the 60,000 car sales threshold. On October 1, 2006, the tax credit you can claim for the purchase of any Toyota hybrid will automatically be reduced by 50 percent. If you intend to purchase one of these vehicles, now is the time! After the first, they will not be such a good deal although all other manufacturers of hybrids still qualify for the full tax credit, to wit, no other company has met the 60,000 cars sold threshold.
Both Anthony J Smith & Richard A. Chapo are contributors for EditorialToday. The above articles have been edited for relevancy and timeliness. All write-ups, reviews, tips and guides published by EditorialToday.com and its partners or affiliates are for informational purposes only. They should not be used for any legal or any other type of advice. We do not endorse any author, contributor, writer or article posted by our team.
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