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money.cnn.com
Tax breaks on the road Under the bill, American car buyers are also eligible for a number of tax breaks.
By purchasing a hybrid or diesel car after Jan. 1, 2006, consumers can get a tax credit anywhere from $500 to $3,400 dollars, depending on the fuel efficiency of the car.
The tax credit for a Toyota Prius, for example, would range anywhere from $2,500 to $3,000, according to Toyota.
While the bill rewards owners of hydrogen and electric cars as much as $8,000 in tax credits, the number of vehicles owned by American consumers that are powered by alternative fuels are negligible.
Some energy conservation advocates note that while the legislation advances some important changes, the new bill does little to curb one of the nation's biggest energy problems - U.S. reliance on oil. |