The $7,500 Tax Credit for Hybrids ended in 2010.
It now only applies to EV’s (like now bankrupt THINK! or TESla), or Plug-In Hybrids like the VOLT, Prius IV (Comes out in March).
The average VOLT buyer makes $171,000 per year. Tesla’s cost more than $100K.
The better question would be why are we subsidizing cars for FILTHY RICH DEMOCRATS??
Mark Modica has been making lots of noise about this tax credit that the wealthy are taking advantage of from taxpayers that can't afford these vehicles themselves, and rightfully so.
... After nearly 1 Million 98% Japanese content Prius' were sold in the US, competing againgst american car companies selling American cars... and the idiot American unions had no problem with it.
Unions are where they are today because they are stupid.