Prius Pricing Setback

July 30, 2005 at 11:56 am | Posted in General, Politics | Leave a comment

I’m in the market to buy a car, and the Prius (from an energy-savings and geek perspective) is very attractive, given my daily commute. I was getting ready to pay MSRP or a few hundred off MSRP when somebody forwarded this CNN article showing that the current $2000 tax deduction becomes a $2750 tax credit for hybrid/fuel efficient cars purchased next year.

I did a few rough calculations and figured what it would take in order to forego a $2750 April 2007 tax credit and settle for a $600 tax reduction next April. Factoring in gas savings, depreciation, maintenance, and insurance, I would need to get at least $800 off MSRP this year; not likely unless more and more people know about this federal energy bill.

The irony is that conservative interference in the free market is making me rethink my purchase decision; it would be less surprising, but no less palatable, to have liberal environmentalists putzing around with our tax laws.


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