The Car and Truck Fleet and Leasing Management Magazine

U.S. Treasury Secretary Details Tax Breaks for Hybrid Vehicles

January 17, 2006

WASHINGTON, D.C. – U.S. Treasury Secretary John Snow recently outlined details of proposed tax breaks for people who buy hybrid gasoline-electric vehicles. The breaks would give people who buy or lease hybrid cars and trucks a tax credit up to $3,400.The credit was initially announced in Washington D.C. as part of an energy bill signed into law in August, but it applies to vehicles that were put into service after Jan. 1. If an individual or a business bought more than one vehicle, each would be eligible for the tax credit. The credit could also apply to vehicles that use other alternative-fuel technology, such as fuel cells that convert chemical energy into electricity.The tax credits will be phased out for each manufacturer once that company has sold 60,000 eligible vehicles.
Twitter Facebook Google+


Please note that comments may be moderated. 
Leave this field empty:

Fleet Incentives

Determine the actual cost of owning and running a vehicle in your fleet. Compare vehicles by class and model.


Fleet Tracking And Telematics

Todd Ewing from Verizon Connect will answer your questions and challenges

View All


Fleet Management And Leasing

Jack Firriolo from Merchants will answer your questions and challenges

View All


Fuel Management

Bernie Kanavagh from WEX will answer your questions and challenges

View All


Sponsored by

RFID stands for Radio Frequency Identification.

Read more

Fuel Saving Strategies Survey

View our 2008 survey to benchmark your fleet's fuel and green strategies with other fleets.

Fuel Calculator

A managed fuel program can help you save time and money and gain control over the way you fuel your vehicles. Determine your potential savings by using our fuel calculator.
Launch Fuel Calculator 

Fuel Prices

U.S. Gasoline and Diesel Fuel Prices.

Launch Fuel Prices 

Up Next

More From The World's Largest Fleet Publisher