By persuading more people to purchase eco-friendly cars, this dependence on foreign oil will cease and energy prices will drop dramatically.
Before eco friendly cars came into existence, motorists around the world were perfectly content to drive big, heavy gas guzzlers that spouted out enormous amounts of unhealthy exhaust emissions.
Other benefits of eco-friendly cars include: * No longer spending 1/3 of your paycheck for gas.
For example, the hybrid Prius 46 which contains a gas tank big enough to carry 11 gallons, allows you to drive nearly 600 miles before needing to refuel.
Where owners once paid $1 for a gallon of gas, they are today paying in the vicinity of $4.50 per gallon with all indicators being that the price is on the rise even more so.
Eco-friendly cars rely on electric batteries, not foreign oil to run. This is actually another plus to using a hybrid, plug-in, or all electric vehicle.
Improved gas mileage not only means not having to fill up so often, but it means drivers can travel much further on a single tank of fuel.
The fuel is usually not traditional gasoline as in non-eco friendly cars, but rather a combination of liquefied petroleum gas(LPG) and electricity.
While not every eco-friendly vehicle qualified for this kind of tax break, the majority do.
This tax credit could help you in many ways at the end of the year.