Hybrid Car Credits Running on Empty
With Honda reportedly close to selling its 60,000th hybrid car, the credits for purchasing Honda hybrids could soon be cut in half.
If Honda hits the IRS threshold before the end of March, the credit will be cut in half beginning July 1, 2007. If it hits the threshold in April, May, or June, the credit will be cut in half beginning October 1, 2007.
The credits for purchasing Toyota and Lexus hybrids already have been reduced by half and will be halved again beginning April 1, 2007.
Voice of the Editor
Which isn’t completely true. I mean, occasionally I drop by when I manage to sneak out of the nonstop frat party over at Going Concern, but I’m mostly a wallflower over there. I’m happy to say that I’ve been given express permission (or explicit orders, if you like) to wander over here to AccountingWEB more often.
Why is that, you might ask? My job is to replace the irreplaceable Gail Perry as Editor-in-Chief. What does that mean? I don’t really know! I think it’ll be fun getting a feel for things, throwing in my own thoughts here and there, and listening to the discussions you’re having about the accounting profession.