Toyota would like the hybrid tax credit extended past 60,000 vehicles

Here is a story to be filed under the "Not Surprising" category. Here it is: Not surprisingly, Toyota, as the only manufacturer that has sold more than the 60,000 hybrid vehicles (the limit mandated by Congress where the federal tax credit expires), would like to get the number increased. Not surprisingly, no other manufacturer agrees with Toyota.

As you can imagine, it makes good financial sense to consumers interested in saving fuel to redeem their tax credit. Buyers of the Prius have not been able to get the full tax credit since Toyota passed the 60,000 mark of Priuses sold. Not surprisingly (again!), sales of the Prius have dropped since that mark was reached, according to Jim Press, the President of Toyota North America.

So, what is going to happen? Soon, the House will meet and discuss their options. House Speaker Nancy Pelosi, a Democrat from California has introduced a plan that will be discussed at their next meeting. If you are in the market for a Prius, you should pay attention to those meetings.

[Source: USA Today]

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