The Irish grow greener by closing tax loopholes for hybrids

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The Irish Minister for Finance Brian Cowen is reportedly going to stop tax breaks for large hybrid cars in next month's budget. A number of Irish government ministers have recently switched their business cars to large hybrid sedans.

Europe is already has a plentiful supply of clean running small diesel cars which environmentalists claim produce less emissions than large hybrid cars and SUV’s
http://www.irishexaminer.com/breaking/story.asp?j=202359368&p=zxz36xx74&n=202360128

In the United States,

the tax credit is a mix of how much fuel the car saves over 120,000 miles (Conservation credit) and it’s fuel economy as expressed by a percentage of the 2002 model year fuel economy for its weight class (Fuel Economy credit). The better a hybrid car does in these two computations, the larger the tax credit.
http://hybridcars.about.com/od/news/a/hybridtaxcredit.htm

So large hybrid cars and SUV’s still receive a tax credit but less than a car that does more for the environment.

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This page contains a single entry by Paul Kuehnel published on November 27, 2006 10:25 PM.

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