in the United States
This paper focuses on the hybrid car technology, government support programs, environmental effects and the demand for hybrid vehicles in the United States. Research was done in the areas of environmental effects of driving hybrid car, income tax incentives for qualified buyers unstable petroleum supplies, and growing concern about global pollution. Hybrid cars tax credits data were analyzed to examine the tax income deduction of purchasing this type of vehicle. The government needs to continue to offer incentives to new buyers of hybrid vehicles to offset the higher cost of these vehicles relative to their non-hybrid counterparts. Hybrid cars and other eco-friendly products are vital to the survival of the earth and the United States and the rest of the world must continue to regulate the emissions without hurting the economy.
Demand for the Hybrid Vehicles
Demand for the hybrid vehicles in the United States has increased since the introduction in the
U. S. market in 2000. The first hybrid car was introduced in Japan in 1997 by Toyota Prius. Three years later, Honda introduced the first hybrid car Honda Insight into the U.S. market. By 2008, other car manufactures entered the hybrid market including Ford, GM, Honda and Nissan. Today, they are four main types of electric cars available on the market which include hybrid electric vehicles, plug-in hybrid electric vehicles, extended-range electric vehicle and battery electric vehicles. Demand for Toyota’s Prius hybrid car increased over the last few years and by supply and demand, Toyota responded by raising the price and increase production. In 2003 and 2004 Toyota made100,000 Prius and in 2007 they made 200,000 hybrid cars.3 In 2012 Toyota Prius Plug-in hybrid is the third fastest-selling car in U.S. Toyota was...