With average oil prices climbing ever closer to the $4 per gallon, momentum behind the newly updated NAT GAS Act is said to be growing in Washington.
Entire history books could one day be devoted to the auto industry’s seismic shift in 2008. Yet, the May sales numbers tell the whole story.
The federal tax credit for buying Honda hybrid vehicles will begin to phase out at the end of this year. The hybrid credit, designed to motivate sales of fuel-efficient, eco-friendly cars, stays in effect until an automaker sells a total of 60,000 hybrids. Once that limit is reached, the tax incentive is phased out over the following year, until the credit is no longer available for a specific carmaker.
Honda won't be making any more of its iconic Insight, but plans are in the works for further green innovations.
