- Jun 6, 2006
Toyota hybrids hit the magic number
As far as the Internal Revenue Service is concerned, Toyota Motor Company has hit the magic number. The company is expected to announce the sale of its 60,000th hybrid vehicle, coincidentally the same number at which tax incentives to buy such vehicles is reduced or disappears. Those tax benefits, which range from $650 for a Honda Accord hybrid to $3,150 for a Toyota Prius are often a big factor in consumer decisions to purchase these models, so it will be interesting to see if their sales taper off this year as a result.
Toyota Camry hybrid is just hitting dealers now and will fetch a $2,600 tax credit from Uncle Sam.
[Source: the Cherry Hill Courier Post]