Revving Up for a Hybrid Car

1 decade 3 years 5 months ago Monday, January 02 2006 Jan 2, 2006 Monday, January 02, 2006 5:48:00 PM CST January 02, 2006 in News

Car dealers say hybrid cars are becoming more popular. Hybrids combine a tradional gas engine with electric batteries.

Researching before you buy a car is common advice. A new tax credit program began this month for hybrid car buyers may shift gears for shoppers.

"Our society teaches us to appreciate a bargain," said car owner Donald Sievert. "And this tax-incentive program sounds like a bargain to me."

New incentives for buying hybrids are different than tax incentives in previous years.

"It moved from being a tax deduction to being a tax credit," explained sales representative Kristen Thomas. "It now being a credit, you actually get a dollar-for-dollar deduction in your taxes instead of just reducing your tax liability."

At least 13 cars are expected to qualify for tax credits. The amount of increased fuel efficiency since 2002 determines tax credits for each car. Tax credits range from $250 for the soon-to-be-released Chevrolet Silverado, up to $3,150 dollars for the Toyota Prius.

On top of the tax credit, car companies say improved gas mileage can cut your yearly gas bill in half. And they say you can make up the price difference between a gas-only and a hybrid car in as little as two years.

But, after car companies produce 60,000 model units, they'll start cutting back their tax credits.

More News

Grid
List
COLUMBIA - Spencer's Crest Condominiums caught on fire Thursday afternoon, and Columbia Fire Department was still investigating the cause several... More >>
1 hour ago Thursday, June 20 2019 Jun 20, 2019 Thursday, June 20, 2019 5:25:00 PM CDT June 20, 2019 in News
SPRINGFIELD - Two more people have been indicted for the duck boat accident that killed 17 people in Branson last... More >>
1 hour ago Thursday, June 20 2019 Jun 20, 2019 Thursday, June 20, 2019 5:11:00 PM CDT June 20, 2019 in News
JAMESTOWN - Moniteau County deputies say they came across a bizarre drug scene Wednesday and ended up arresting two people,... More >>
2 hours ago Thursday, June 20 2019 Jun 20, 2019 Thursday, June 20, 2019 3:31:00 PM CDT June 20, 2019 in News
COLUMBIA - The Missouri Department of Public Safety has for the second time revoked the peace officer license of former... More >>
3 hours ago Thursday, June 20 2019 Jun 20, 2019 Thursday, June 20, 2019 3:27:00 PM CDT June 20, 2019 in News
LEBANON, Mo. (AP) — Court documents say a retired Missouri school administrator twice exposed himself to a 9-year-old at a... More >>
3 hours ago Thursday, June 20 2019 Jun 20, 2019 Thursday, June 20, 2019 2:45:05 PM CDT June 20, 2019 in News
JEFFERSON CITY - Charges have been filed against one man involved a car chase involving guns and drugs near Boonville... More >>
3 hours ago Thursday, June 20 2019 Jun 20, 2019 Thursday, June 20, 2019 2:34:00 PM CDT June 20, 2019 in News
SHAWNEE, Kan. (AP) — Johnson County authorities say a couple is charged with child abuse and endangerment after they brought... More >>
4 hours ago Thursday, June 20 2019 Jun 20, 2019 Thursday, June 20, 2019 1:45:24 PM CDT June 20, 2019 in News
ST. LOUIS (AP) — Missouri's only abortion clinic, already facing the threat of losing its license, says it will defy... More >>
6 hours ago Thursday, June 20 2019 Jun 20, 2019 Thursday, June 20, 2019 11:57:00 AM CDT June 20, 2019 in News
JEFFERSON CITY (AP) — The leader of Special Olympics Missouri says engineers have determined that the organization's main campus was... More >>
10 hours ago Thursday, June 20 2019 Jun 20, 2019 Thursday, June 20, 2019 8:15:00 AM CDT June 20, 2019 in News
COLUMBIA - Some University of Missouri workers and the union representing them are holding a demonstration Thursday to demand higher... More >>
15 hours ago Thursday, June 20 2019 Jun 20, 2019 Thursday, June 20, 2019 3:23:00 AM CDT June 20, 2019 in News
FULTON – A unique camp is being held this week in Fulton for kids with disabilities. The iCan Bike... More >>
19 hours ago Wednesday, June 19 2019 Jun 19, 2019 Wednesday, June 19, 2019 10:42:00 PM CDT June 19, 2019 in News
JEFFERSON CITY - The main runway at the Jefferson City Memorial Airport is ready for planes again, according to Public... More >>
1 day ago Wednesday, June 19 2019 Jun 19, 2019 Wednesday, June 19, 2019 6:01:00 PM CDT June 19, 2019 in News
LAURIE - Cleanup is underway at the Westlake Aquatic Center after a 93-year-old woman crashed through the building and into... More >>
1 day ago Wednesday, June 19 2019 Jun 19, 2019 Wednesday, June 19, 2019 5:05:00 PM CDT June 19, 2019 in News
COLUMBIA - PedNet Coalition will host a community bike ride memorial service in honor of the late Darwin Hindman on... More >>
1 day ago Wednesday, June 19 2019 Jun 19, 2019 Wednesday, June 19, 2019 4:44:00 PM CDT June 19, 2019 in News
FULTON - Former Secretary of State Madeleine Albright will lecture at Weminster College in the fall. Her presentation will... More >>
1 day ago Wednesday, June 19 2019 Jun 19, 2019 Wednesday, June 19, 2019 3:11:00 PM CDT June 19, 2019 in News
COLUMBIA - Cooper's Landing is projected to partially reopen in time to celebrate July 4th. Flood clean up efforts are... More >>
1 day ago Wednesday, June 19 2019 Jun 19, 2019 Wednesday, June 19, 2019 1:28:00 PM CDT June 19, 2019 in News
ST. LOUIS (AP) — A suburban St. Louis man is accused of threatening to shoot and kill "every gay person"... More >>
1 day ago Wednesday, June 19 2019 Jun 19, 2019 Wednesday, June 19, 2019 10:45:00 AM CDT June 19, 2019 in News
BENTON, Mo. (AP) — A southeast Missouri sheriff has fired a deputy who is running against him for sheriff next... More >>
1 day ago Wednesday, June 19 2019 Jun 19, 2019 Wednesday, June 19, 2019 10:36:14 AM CDT June 19, 2019 in News
Columbia, MO
Broken Clouds 80°
7pm 80°
8pm 78°
9pm 75°
10pm 74°