Don't delay if you want that hybrid tax break

Lost in the hoopla about the U.S. government's 2006 tax credits for buyers of new hybrid vehicles is the fact that only the first 60,000 buyers of an automaker's hybrid models get the full tax credit. After that, the tax benefit gradually phases out.
OK, but 60,000 is a lot of hybrid sales for one company, right? Not really. Last year Toyota sold 143,533 hybrids. In the unlikely event that Toyota's hybrid sales were flat for 2006, then this year's buyers of Toyota hybrids can expect full tax credits to be history by the end of May.

More Information