Each day, U.S. drivers consume millions of barrels of petroleum to fuel their more than 250 million vehicles. Improving fuel economy in U.S. automobiles and trucks can reduce petroleum use, making our country less dependent on foreign oil. It can also save drivers money at the fuel pump and limit emissions.
Vehicle emissions are known to negatively affect air quality and human health. For these reasons, emission reduction plays a role in many fleet and consumer decisions to acquire alternative fuel vehicles (AFVs). However, many drivers don’t know that emission reductions vary between alternative fuels.
Hybrid, Plug-in Hybrid & All-Electric:
Tax Credits and Incentives
Hybrid electric vehicles (HEVs), plug-in hybrid electric vehicles (PHEVs), and all-electric vehicles (EVs)—also called electric drive vehicles collectively—use electricity either as their primary fuel or to improve the efficiency of conventional vehicle designs.
Plug-in hybrids and all-electric vehicles qualify for a $2,500 to $7,500 federal tax credit. For more information, click here
Some hybrid electric vehicles qualify for a light-duty HEV federal tax credit.
Idling vehicles use up to several billion gallons of fuel and emit large quantities of air pollution and greenhouse gases each year. Idle reduction technologies and practices are an important way to cut petroleum consumption and emissions.