Hybrid Cars Becoming
More Popular as Gas Prices Soar - Tax Credits Coupled with Higher Fuel
Costs Make Hybrids In Demand
April 22nd 2006
As gas prices continue to rise, purchasers of new cars are looking a
little closer at the hybrids. Some areas around the country have seen
the price of self-serve regular hit the three dollar mark, and above.
Analysts say the price hike is due to hurricanes Katrina and Rita,
instability in Nigeria, and the addition of ethanol to the fuels.
All of the major networks including ABC, CBS, NBC and CNN have run
stories on the high cost of gas, and new wave of hybrid cars becoming
available. The only problem is that dealers are selling out of these
new cars faster than they are getting them in. ABC News Nightline
correspondent John Donvan interviewed some car salesman that say they
are lucky to have one hybrid on the lot at any time. The dealers may
have hundreds of traditional gas-only cars, but only a small number of
So how can hybrids save you money? First off, hybrids are not an
alternative-fuel vehicle. They run off regular gas from the local
filling station. Hybrids incorporate an electric motor that is charged
by the gas motor. The efficient hybrid also uses the braking system to
help charge the batteries.
Unlike electric cars, you donít need to plug the hybrid into your
house-current at night. The cars incorporate a flexible drive-train
that turns off the gas motor at idle. This gas savings can be especially
helpful in stop and go traffic.
This year the Federal Government is offering a tax credit with the
purchase of a hybrid. Last year the Feds offered a less appealing tax
deduction. Each car manufacturer has a limited number of credits
available, so it is possible some will run out by the end of the year.
The tax credits vary according to car. Typically, the more fuel
efficient cars will get the larger credit. These credits, coupled with
the fact that gas prices have been sky-rocketing, may make this the year
of the hybrid car.
By Dan Wilson
Keywords and misspellings: hibrid car electric pryus acord