Hybrid sales mostly slack despite gas spike
04-26-06, 06:55 AM
#31
Super Moderator
Bush gives hybrid vehicles big boost
Wednesday, April 26, 2006
The president asks Congress to lift cap on tax credits as a way to curb foreign oil use.
David Shepardson / Detroit News Washington Bureau
WASHINGTON -- President Bush gave a big endorsement to hybrid vehicles Tuesday as a way to solve the nation's dependence on foreign oil and called on Congress to lift the cap on tax credits for hybrid sales -- a move that would initially only benefit Toyota Motor Corp.
"The easiest way to promote fuel efficiency is to encourage drivers to purchase highly efficient hybrid or clean diesel vehicles," Bush said in an address to the Renewable Fuels Association summit in Washington.
"If the automakers sell more than their limit, new purchasers are not eligible for the full tax credit.
"And so here's an idea that can get more of these vehicles on the road, and that is to have Congress make all hybrid and clean diesel vehicles sold this year eligible for federal tax credits," he said.
Consumers who buy hybrids currently receive up a tax credit worth up to $3,400, but Congress capped the number of tax credits at 60,000 vehicles per manufacturer each year.
If current law isn't changed, Toyota buyers may lose out on the tax break because Toyota sells more than 60,000 hybrids each year.
Ford Motor Co., by comparison, sold 17,000 hybrids in all of 2005. U.S. sales of hybrid-electric vehicle are expected to grow by 268 percent between 2005 and 2012, J.D. Power and Associates said in a report this year, jumping from 212,000 vehicles last year to 780,000 by 2012. At the forum touting E85 and ethanol, several members of Congress pitched plans to increase ethanol and reduce oil consumption.
U.S. Rep. Jack Kingston, R-Ga., called for eliminating Saturday U.S. mail delivery to save on gasoline costs.
The president asks Congress to lift cap on tax credits as a way to curb foreign oil use.
David Shepardson / Detroit News Washington Bureau
WASHINGTON -- President Bush gave a big endorsement to hybrid vehicles Tuesday as a way to solve the nation's dependence on foreign oil and called on Congress to lift the cap on tax credits for hybrid sales -- a move that would initially only benefit Toyota Motor Corp.
"The easiest way to promote fuel efficiency is to encourage drivers to purchase highly efficient hybrid or clean diesel vehicles," Bush said in an address to the Renewable Fuels Association summit in Washington.
"If the automakers sell more than their limit, new purchasers are not eligible for the full tax credit.
"And so here's an idea that can get more of these vehicles on the road, and that is to have Congress make all hybrid and clean diesel vehicles sold this year eligible for federal tax credits," he said.
Consumers who buy hybrids currently receive up a tax credit worth up to $3,400, but Congress capped the number of tax credits at 60,000 vehicles per manufacturer each year.
If current law isn't changed, Toyota buyers may lose out on the tax break because Toyota sells more than 60,000 hybrids each year.
Ford Motor Co., by comparison, sold 17,000 hybrids in all of 2005. U.S. sales of hybrid-electric vehicle are expected to grow by 268 percent between 2005 and 2012, J.D. Power and Associates said in a report this year, jumping from 212,000 vehicles last year to 780,000 by 2012. At the forum touting E85 and ethanol, several members of Congress pitched plans to increase ethanol and reduce oil consumption.
U.S. Rep. Jack Kingston, R-Ga., called for eliminating Saturday U.S. mail delivery to save on gasoline costs.
04-26-06, 07:05 AM
#32
Lexus Champion
Originally Posted by bruce van
It's seriously stupid how some writers seem like they really want hybrids to not succeed.
What he fails to mention is that hybrids which are aimed more at fuel efficiency rather than
increased performance are doing better in the marketplace. The Prius and Civic are selling
quite well and given more options, these types of hybrids are the direction most consumers want to head.
What he fails to mention is that hybrids which are aimed more at fuel efficiency rather than
increased performance are doing better in the marketplace. The Prius and Civic are selling
quite well and given more options, these types of hybrids are the direction most consumers want to head.
04-26-06, 07:21 AM
#33
Lexus Champion
do the numbers on 500 miles a week....18mpg car versus 50mpg car....you'll see thousands in savings......
500 miles divided by 18mpg = 27.7 gallons x $3 gallon = $83.1 per week x 52 weeks = $4321 a year
500 miles divided by 50mpg = 10 gallons x $3 gallon = $30 per week x 52 weeks = $1560 a year
500 miles divided by 18mpg = 27.7 gallons x $3 gallon = $83.1 per week x 52 weeks = $4321 a year
500 miles divided by 50mpg = 10 gallons x $3 gallon = $30 per week x 52 weeks = $1560 a year
04-26-06, 07:36 AM
#34
Guest
Posts: n/a
Originally Posted by LexArazzo
Wednesday, April 26, 2006
The president asks Congress to lift cap on tax credits as a way to curb foreign oil use.
David Shepardson / Detroit News Washington Bureau
WASHINGTON -- President Bush gave a big endorsement to hybrid vehicles Tuesday as a way to solve the nation's dependence on foreign oil and called on Congress to lift the cap on tax credits for hybrid sales -- a move that would initially only benefit Toyota Motor Corp.
"The easiest way to promote fuel efficiency is to encourage drivers to purchase highly efficient hybrid or clean diesel vehicles," Bush said in an address to the Renewable Fuels Association summit in Washington.
"If the automakers sell more than their limit, new purchasers are not eligible for the full tax credit.
"And so here's an idea that can get more of these vehicles on the road, and that is to have Congress make all hybrid and clean diesel vehicles sold this year eligible for federal tax credits," he said.
Consumers who buy hybrids currently receive up a tax credit worth up to $3,400, but Congress capped the number of tax credits at 60,000 vehicles per manufacturer each year.
If current law isn't changed, Toyota buyers may lose out on the tax break because Toyota sells more than 60,000 hybrids each year.
Ford Motor Co., by comparison, sold 17,000 hybrids in all of 2005. U.S. sales of hybrid-electric vehicle are expected to grow by 268 percent between 2005 and 2012, J.D. Power and Associates said in a report this year, jumping from 212,000 vehicles last year to 780,000 by 2012. At the forum touting E85 and ethanol, several members of Congress pitched plans to increase ethanol and reduce oil consumption.
U.S. Rep. Jack Kingston, R-Ga., called for eliminating Saturday U.S. mail delivery to save on gasoline costs.
The president asks Congress to lift cap on tax credits as a way to curb foreign oil use.
David Shepardson / Detroit News Washington Bureau
WASHINGTON -- President Bush gave a big endorsement to hybrid vehicles Tuesday as a way to solve the nation's dependence on foreign oil and called on Congress to lift the cap on tax credits for hybrid sales -- a move that would initially only benefit Toyota Motor Corp.
"The easiest way to promote fuel efficiency is to encourage drivers to purchase highly efficient hybrid or clean diesel vehicles," Bush said in an address to the Renewable Fuels Association summit in Washington.
"If the automakers sell more than their limit, new purchasers are not eligible for the full tax credit.
"And so here's an idea that can get more of these vehicles on the road, and that is to have Congress make all hybrid and clean diesel vehicles sold this year eligible for federal tax credits," he said.
Consumers who buy hybrids currently receive up a tax credit worth up to $3,400, but Congress capped the number of tax credits at 60,000 vehicles per manufacturer each year.
If current law isn't changed, Toyota buyers may lose out on the tax break because Toyota sells more than 60,000 hybrids each year.
Ford Motor Co., by comparison, sold 17,000 hybrids in all of 2005. U.S. sales of hybrid-electric vehicle are expected to grow by 268 percent between 2005 and 2012, J.D. Power and Associates said in a report this year, jumping from 212,000 vehicles last year to 780,000 by 2012. At the forum touting E85 and ethanol, several members of Congress pitched plans to increase ethanol and reduce oil consumption.
U.S. Rep. Jack Kingston, R-Ga., called for eliminating Saturday U.S. mail delivery to save on gasoline costs.
Gotta give Bush a
here, this will encourage other companies to build them!
04-26-06, 04:50 PM
#36
Originally Posted by bagwell
do the numbers on 500 miles a week....18mpg car versus 50mpg car....you'll see thousands in savings......
500 miles divided by 18mpg = 27.7 gallons x $3 gallon = $83.1 per week x 52 weeks = $4321 a year
500 miles divided by 50mpg = 10 gallons x $3 gallon = $30 per week x 52 weeks = $1560 a year
500 miles divided by 18mpg = 27.7 gallons x $3 gallon = $83.1 per week x 52 weeks = $4321 a year
500 miles divided by 50mpg = 10 gallons x $3 gallon = $30 per week x 52 weeks = $1560 a year
500 miles divided by 25 (RX350 MPG)=20 gallons at $4.00 a gallon = $80 per week X 52 weeks = $4160 a year.
500 miles divided by 30 (RX400H MPG)=16.67 gallons at $4.00 a gallon = $66.68 per week X 52 weeks = $3467.36 a year. That is a savings of $692.64 a year.
Even at $4.00 a gallon and a $1500 tax credit the break even point would be 5 years of ownership. You would have to keep the hybrid version model for over 5 years to begin to see monetary savings.
500 miles a week is an awful lot of miles. That is 26K a year. That is about 10K more than the national average of about 15K a year. I'm sure there are people that drive that much, but the majority are more around 300 miles a week.
04-26-06, 08:03 PM
#37
Lexus Fanatic
iTrader: (20)
Originally Posted by bagwell
do the numbers on 500 miles a week....18mpg car versus 50mpg car....you'll see thousands in savings......
500 miles divided by 18mpg = 27.7 gallons x $3 gallon = $83.1 per week x 52 weeks = $4321 a year
500 miles divided by 50mpg = 10 gallons x $3 gallon = $30 per week x 52 weeks = $1560 a year
500 miles divided by 18mpg = 27.7 gallons x $3 gallon = $83.1 per week x 52 weeks = $4321 a year
500 miles divided by 50mpg = 10 gallons x $3 gallon = $30 per week x 52 weeks = $1560 a year
I could say a 5 second 0-60 car vs. an 8 second 0-60 car - the former will save tons of time getting around.
Not a very meaningful comparison though.Most people don't want to drive ugly slow cars with no guages in front of the driver and skinny tires like the Prius. A Jetta TDI is a much better way to go!
04-26-06, 10:05 PM
#38
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Originally Posted by SoCalSC4
There are a few hybrid-related questions that I haven't heard definite answers on:
1) The cost of replacing the batteries
2) How the batteries will be disposed of
These aren't major issues at the moment... but eventually, these batteries are going to crap out.
I guess we can just bury the dead batteries?
Have the "Greenies" given this any consideration?
1) The cost of replacing the batteries
2) How the batteries will be disposed of
These aren't major issues at the moment... but eventually, these batteries are going to crap out.
I guess we can just bury the dead batteries?
Have the "Greenies" given this any consideration?
There are Escape taxis running around with over 100k miles and the run like new
And if the batteries need to be disposed of, the Toyota ones are 100% recyclable and Toyota has places to recycle them and gives $200 to each one of the batteries to be recycled properly
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