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Existing incentive programs are also set to phase out after a given maker sells 60,000 hybrid vehicles, so more popular models like the Toyota Prius are no longer subject to a tax credit. [7] Incentives may also vary based on how well the car in question performs in these “green” categories. [8]
A mid-September joint announcement in 2013 by the National Development and Reform Commission and finance, science, and industry ministries confirmed that the central government will provide a maximum of US$9,800 toward the purchase of an all-electric passenger vehicle and up to US$81,600 for an electric bus. The subsidies are part of the ...
Toyota says hybrids are what Americans want, and pickup and SUV offerings like the Tacoma and 4Runner will cater to that demand. One note of caution for Toyota is the coming merger of Honda and ...
Opt for the base 2.0-liter engine with a combined (highway and city) estimated 31 MPG to save on gas money. Car-buying tip: Used vehicles are usually cheaper to insure than new vehicles.
Program logo The Toyota Corolla was the program's top seller according to U.S. DoT [1] The Ford Explorer 4WD was the program's top trade-in according to the U.S. DoT [1]. The Car Allowance Rebate System (CARS), colloquially known as "cash for clunkers", was a $3 billion U.S. federal scrappage program intended to provide economic incentives to U.S. residents to purchase a new, more fuel ...
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Rebates, employee pricing, and 0% financing boosted sales but drained the automaker's cash reserves. The subprime mortgage crisis and high oil prices of 2008 caused the popularity of once best-selling trucks and SUVs to plummet. Automakers were forced to continue offering heavy incentives to help clear excess inventory. [91]
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