July 21, 2006 |
Environmentally concerned car buyers will see some federal tax breaks for energy-efficient hybrids start shrinking this fall. Toyota Motor Corp. has hit the production limit -- 60,000 -- on vehicles eligible for a tax credit designed to encourage more buyers to choose gasoline-electric hybrids. That means the tax credits for Toyota and Lexus hybrids will be cut in half for drivers who purchase their vehicles beginning in October.
March 17, 2006 |
Ford Motor Co. is offering five-year, no-interest financing on its gasoline-electric Escape sport utility vehicle in California and Washington, D.C., to boost sales in those "trend-setting markets." The loans are available through April 3. The interest-free loans will be available only to customers with the highest credit ratings, a Ford spokesman said.
CALIFORNIA | LOCAL
April 9, 2004 |
The administration of Gov. Arnold Schwarzenegger on Thursday endorsed new legislation that would allow solo drivers in hybrid electric vehicles to use carpool lanes, saying the measure would help reduce air pollution and encourage energy independence.
March 14, 2007 |
Hyundai Motor Co. plans to be producing 300,000 gasoline-electric or diesel-electric powered vehicles annually by 2015. The company aims to develop cars with fuel efficiency that is 50% greater than current models, the South Korean Ministry of Commerce, Industry and Energy said. The plan includes production from Hyundai affiliate Kia Motors Corp. Hyundai is trying to catch up with Japanese automakers Toyota Motor Corp. and Honda Motor Co., which already sell hybrid vehicles.
June 14, 2006 |
Toyota Motor Corp. said Tuesday that it intended to increase research into plug-in hybrid technology, which it once derided, and to double the number of conventional hybrid models it sells globally by early next decade. The Japanese automaker, poised to overtake General Motors Corp. as the world's largest automaker by sales volume, presented a far-reaching look at its fuel-efficiency and environmental goals.
January 23, 2008 |
Dubai will be first country in the Middle East to test General Motors Corp.'s "green" cars as the United Arab Emirates seeks to cast off its reputation as the world's biggest polluter. In Abu Dhabi, GM executive Mary Beth Stanek said the company would bring 10 hybrid cars to Dubai next month for testing by police and taxis. The U.A.E. emits more pollution per capita than any other country, according to the World Wildlife Fund's "Living Planet" report of October 2006.
March 21, 2007 |
President Bush peeked under the hoods of hybrid cars and toured two automobile assembly lines Tuesday to urge Americans to buy more alternative fuel vehicles as part of his initiative to reduce gasoline use. "Americans are just getting used to this kind of ... technological breakthroughs, something you're used to," Bush told automobile workers at the Ford assembly plant near Kansas City.
October 13, 2005 |
Ford Motor Co., with its hybrid sport utility vehicles, is the only American carmaker to crack the top 10 fuel-economy list for 2006 vehicles. The manual version of the hybrid Honda Insight tops the list, with 60 miles per gallon in the city and 66 mpg on the highway, and the hybrid Toyota Prius is second with 60 mpg in the city and 51 on the highway, the Environmental Protection Agency and the Energy Department said Wednesday. Honda Motor Co., Toyota Motor Corp.
June 28, 2008 |
The federal government offers tax incentives that can save consumers thousands of dollars when they purchase gas-sipping hybrid vehicles. But buyer beware: The three most popular hybrids sold in America either no longer qualify for the tax break or are about to see it reduced sharply. On Tuesday, the tax credit on the No. 3-selling Honda Civic hybrid will be cut in half, from $1,050 to $525. It will disappear altogether at the end of the year.
January 25, 2007 |
President Bush ordered the federal government Wednesday to move toward purchasing hybrid-powered vehicles and reducing the federal fleet's petroleum consumption by 2% each year, part of an effort to boost alternatives to gasoline. Bush announced the executive order during a morning devoted to promoting new-technology fuels.