Ever since 2005, the IRS has been giving a tax credit to individual taxpayers who drive cars which use alternative fuel sources. There was at one time just a clean fuel burning deduction available to green minded taxpayers, but this only applied to gas-electric hybrid vehicles. In 2005, however, this was replaced by the current legislation, the Energy Policy Act.
By the terms of this 2005 law, the tax credit is taken directly from the total amount of tax which the taxpayer would otherwise... Read Full Story
By Albert Wellsom Hybrid cars seem to be the answer to the unstoppable increase in the cost of fuel prices thus they are deemed to be the automobile of the future with its suitability to the gas economy of the present. Honda hybrid automobiles reduce gas use by 50 percent, which enables you to travel 60 miles or more, with just one gallon of gas. Of course, this is a great profit for automobile owners but even individuals who do not have cars can profit. It can do this by emitting far lower... Read Full Story
From Wired How-To Wiki Jump to: navigation, search Plug it in, plug it in. Photo courtesy Hysterical Bertha via FlickrSo you want a plug-in, but don't want to wait for the automakers to build one? No problem, you can build one yourself -- if you're willing to roll up your sleeves or write a... Read Full Story
With so much talk of electric vehicles approaching the marketplace, it appears that Chrysler was not about to be left out of the party and has announce that it will also be supplying a couple of entries to green-minded alternative-fuel seeking consumers. Best known for its manly heavy-duty trucks and gas guzzling super-high-performance vehicles, the company has just announced the advent of three electric-drive vehicles, one of which will go on sale in 2010. Hybrid electric vehicles (HEVs... Read Full Story
New fuel-saving technology isn't hitting the SUV market quite as quickly as it's taking over the small car segment. You'll soon be able to purchase a very inexpensive Honda Insight. The Toyota Prius is known to all. Upgrading significantly to the Chevrolet Volt isn't too far off. In the sport-ute world, the soft crossover Lexus RX400h is way too expensive and not financially beneficial. The Chevrolet Tahoe Hybrid is based on a vehicle - the Tahoe - that doesn't conform with the habits of a... Read Full Story
